The European Union has agreed to remove long-standing tariffs on American whiskey and bourbon, returning back to a zero-for-zero tariff agreement on distilled spirits.
The trade dispute dates back to June 2018, when the Trump administration imposed 25 percent tariffs on all imported aluminum and steel products from the EU, Mexico, and Canada, triggering the EU and Canada to respond with 25 percent tariffs on American whiskey. Between 2018 and 2020, exports of American whiskey to the EU dropped 37 percent.
Full story here.