WTDC Newsletter – November 1, 2021
– President’s Corner – Supply Chain
– EU to lift whiskey tariff as part of steel and aluminum trade truce with US
– Florida governor calls on carriers to divert to Florida ports
– Bottleneck at California ports
– WTDC celebrates Halloween
– Pajama Drive for His House Children’s Home
Some good news for our spirits clients this weekend as the EU has agreed to lift the 25% whiskey tariff (see article below).
Supply chains have never been so much a topic of popular discussion. From bottle shortages to grocery and department store stocks running low, consumers are taking notice on the disruptions we’ve all been working to avoid for months in the industry. Need to rethink your supply chain in order to have your goods ready for the holidays? Send us a note, we would happy to help.
Sean Gazitua, President & CEO
EU to lift whiskey tariff as part of steel and aluminum trade truce with US
“Lifting this tariff burden on American whiskeys not only boosts U.S. distillers and farmers, it also supports the recovery of EU restaurants, bars and distilleries hit hard by the pandemic,” said Chris Swonger, CEO of Distilled Spirits Council.
This weekend the US and EU reached a significant trade accord at the Group of 20 meetings in Berlin. The US and EU agree to remove penalizing tariffs on steel and aluminum in efforts to protect against overcapacity and to instill low-carbon targets for steel and aluminum exports.
After President Trump instituted a 25% tariff on EU steel and aluminum in 2018, the EU retaliated with tariffs on finished US goods such as bourbon, Tennessee whiskey, and Harley Davidson motorcycles. The 25% tax on American whiskeys was scheduled to reach 50% in December if negotiations were not agreed upon.