Statement by Distilled Spirits Council President and CEO Chris Swonger on EU and UK distilled spirits being left off the list of tariff modifications in the Administration’s Executive Order
“Not including EU and UK spirits on the list of tariff modifications is yet another blow to the U.S. hospitality industry just as the critical holiday season kicks into high gear. EU and UK spirits, including Scotch, Cognac, and Irish Whiskey, are value-added agricultural products that cannot be produced in the United States. Alcohol sales account for roughly 21% of total restaurant revenue. Our analysis shows that a 15% tariff on EU spirits alone could result in $1 billion in lost U.S. sales and the elimination of 12,000 American jobs.”
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