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LOUISVILLE, Ky. — American whiskey exports, battered by tariffs and the pandemic, began rebounding in 2021, however distillers have extra floor to make as much as totally get well, an trade group stated.
Exports of bourbon, Tennessee whiskey and rye whiskey reached $975 million in 2021, up 15 % from the prior 12 months, in response to a report issued by the Distilled Spirits Council of america. Final 12 months’s complete was nonetheless down 18 % from the file excessive — about $1.2 billion in 2018.
American whiskey distillers bought caught up in a trans-Atlantic commerce struggle, inflicting deep drops in exports to the European Union — the trade’s largest abroad market.
The EU imposed a retaliatory tariff on these spirits in mid-2018 in response to then-President Donald Trump’s resolution to slap tariffs on European metal and aluminum.
A deal was reached in late 2021 to raise these tariffs on American spirits.
Tennessee is the nation’s main spirits exporter, adopted by Kentucky.
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