Impending Tariffs Boosted U.S. Spirits Exports to a Record Last Year
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Consumers in Europe stocked up on American whiskeys last year ahead of planned levies, driving American spirits exports to a record year. In a trade dispute stretching back years, the European Union was set to impose a 50% tax on Kentucky bourbon and Tennessee whiskey. Canada, the second-biggest market for U.S. spirits, imposed a retaliatory 25% tariff in March on U.S. beer, wine and spirits.
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