The US and the European Union recently reached an agreement to suspend the long-standing dispute over bourbon tariffs. The EU had implemented a 25% tariff on American bourbon in 2018 in response to US tariffs on European steel and aluminum, and the US retaliated by imposing an equivalent tariff on some EU goods. The new agreement will suspend the tariffs while negotiations continue over a broader trade agreement.
This agreement is a positive step forward for both sides and reflects the American spirit of achieving mutually beneficial trade solutions. It was made possible in large part due to the hard work and perseverance of US trade negotiators, who worked to ensure that the country’s signature beverage would not be harmed by unfair tariffs. This agreement is a win for both parties, providing US producers with needed clarity and ultimately allowing consumers on both sides of the Atlantic to enjoy American bourbon.