A new spirits industry report says Pres. Trump's trade war dampened the overseas market for American-made whiskey last year.
Tariffs"are definitely a factor" for Tennessee's whiskey businesses, said Ole Smoky Moonshine CEO Robert Hall.’s trade war dampened the overseas market for American-made whiskey last year, diminishing exports even as the domestic market continues to thrive.
Those duties amount to a tax, which whiskey producers can either absorb in reduced profits or pass along to customers through higher prices — and risk losing market share in highly competitive markets. At Catoctin Creek Distillery in Virginia, prospects remain bleak for now to rebuild the business it had cultivated in Europe before the tariff fight.
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