U.S. Whiskey Makers Lose $337M to Trade War
While U.S. distillers are confronting the COVID-19 pandemic, they're also still dealing with the impact of the trade war with Europe that has been going on for two years.
According to the industry trade group Distilled Spirits Council of the U.S. (DISCUS), the retaliatory tariffs imposed by the European Union in response to aluminum and steel duties imposed by President Donald Trump in June 2018 have cost distillers $337 million in sales.
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Source Fool.com