Spirits industry points to the decline of US whiskey exports to lobby against tariffs

"Impact on single-malt Scotch or cordials or liqueurs impacts major U.S. investment here," said Chris Swonger, president and CEO of DISCUS.

American whiskey accounts for 65% of all U.S. spirits exports, according to the industry trade group. And the European Union is its top market. DISCUS is using the decline of the U.S. whiskey export market to lobby the White House.The United Kingdom, which was the top market for U.S. whiskey in 2018, imported $101 million of U.S. whiskey last year, cutting its imports by nearly a third from the previous year.

"We were finding really sophisticated buyers, in world capitals, beginning to think about American bourbon and American rye the same way that they thought about Scotch whiskey," Potter said. "And at this point, we're now frozen. To some extent, if you're not in the market, you're going to be forgotten."

🤔🤔

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russia is 'fearful' of US competition in the European gas market, official saysEurope can buy its natural gas wherever it wants, including Russia, but there should be more competition among suppliers, a top U.S. energy official told CNBC. Russia is the best alternative for Europe, on top of this it doesn't pollute seas.. Trump may stop LNG sales to help Putin They should be scared. The US ia the Saudi Arabia of Nat. Gas
Source: CNBC - 🏆 12. / 72 Read more »

US futures point to higher open on Wall Street with virus and earnings in focusU.S. stock index futures are pointing to a higher open on Wall Street Tuesday as stocks look to continue Monday's rally.
Source: CNBC - 🏆 12. / 72 Read more »

US futures point to higher open after stocks hit fresh record highsU.S. stock index futures rose on Wednesday morning after the S&P 500 and Nasdaq eked out fresh record closing highs on Tuesday. Great time to cash out...
Source: CNBC - 🏆 12. / 72 Read more »