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COVID-19 has battered the entire whisky industry but perhaps no one is struggling quite like the thousands of craft distillers in the U.S. The pandemic has shuttered tasting rooms and disrupted distribution, cutting off crucial revenue streams, prompting staff cuts, and potentially putting some on the brink of permanent closure. While...
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Distillers, Relieved Over Extension Of Federal Tax Reductions, Promise To Fight To Make Them Permanent
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Congress gave distillers a reprieve Thursday by voting to extend critical tax breaks to the spirits industry for one year. By passing one of two remaining spending packages by a vote of 71-23, senators affirmed a vote their House colleagues took Tuesday to let the Craft Beverage Modernization and...
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Industry Groups Speak Out Against New Proposed Tariffs On Imported Wine And Spirits, As U.S. Takes Aim At E.U., Mexico
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Just days ago the U.S. reached new trade agreements with Canada and Mexico that were expected to ratchet down tariff tensions. But now, new proposals to impose tariffs on wine and spirits from the E.U.—and last night’s announcement that the U.S. will impose levies on all products from Mexico—have roiled the...
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