Inside RVR, the Long-Awaited Return of One of L.A.’s Most Influential Chefsuntil at least 2025. But the U.S. whiskey industry is still gearing up for instability if Donald Trump wins the election next month.in many sectors, whiskey requires a lot of advance planning. As such, those who make the liquid are unsure what the future holds for them and their business. Some are even pausing any expansion plans in Europe because they don’t know what might happen come November.
“That may be a bad investment for that small business,” Chris R. Swonger, the president of the Distilled Spirits Council of the United States, told theThe E.U. first imposed tariffs on American whiskey back in 2018, in retaliation for Trump’s taxes on European steel and aluminum,through 2025, although it’s unclear what will happen once the suspension ends.
“As Americans go to the polls, their choices have ramifications for the world,” Victor Cha, the senior vice president for Asia at the Center for Strategic and International Studies, toldIf Trump were to win the election, he’s said that he would impose a 60 percent tariff on goods from China and a 10 percent tax on other items from around the world, the newspaper noted. Kamala Harris, meanwhile, has said that she would use tariffs in a more “targeted” way.
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Source: RollingStone - 🏆 483. / 51 Read more »