As of the 22nd June 2018 new EU tariffs have been imposed on all imported American whiskey products as a counter measure to the recent US tariffs imposed on some European goods.
Please find below the background and the pricing impact this will have on the associated products we currently supply from 1st August 2018.
Citing threats to U.S. national security, the U.S. government earlier this year imposed custom duties of 25% and 10% on most steel and aluminium, respectively, imported into the United States. The new tariffs represent a significant increase over the prior tariff which averaged 2.5%.
Certain U.S. allies, including the European Union (EU), were granted temporary exemptions from the steel and aluminium tariffs while trade discussions continued with the United States. The EU participated actively in trade discussions with the US, but also announced its intention to retaliate against US products if the EU were not permanently exempted from the steel and aluminium tariffs. The retaliation list includes American whiskeys, as well as motorcycles, cosmetics, cranberries, orange juice, peanut butter, and luxury yachts.
May 31, 2018, the U.S. withdrew the exemptions granted to the EU, Canada, and Mexico. That same day, Canada announced a 10% tariff on American whiskey to take effect on July 1.
June 5, 2018, Mexico announced retaliatory tariffs against US manufactured and agricultural goods, including a 25% tariff on American whiskey. Those tariffs took effect immediately.
June 14, 2018, China announced a 25% tariff on American whiskey to take effect on July 6, 2018.
June 20, 2018, the European Commission officially adopted its retaliation list, including a 25% tariff on American whiskey.
June 22, 2018, EU Tariffs took affect and apply to all goods leaving the U.S. on June 22 or later.
June 21, 2018, Turkey announced a 40% tariff on all spirits imported from the U.S. -- of which more than 90% is whiskey. Russia is also considering unspecified tariffs on American spirits.
At this time, there is no indication of how long the tariffs will be in place for.