EU tariffs taking heavy toll on U.S. whisky exporters [Toronto Globe and Mail (Ontario, Canada)]
Brown Forman Inc Class A (BF.A)
US:NYSE Investor Relations:
investors.brown-forman.com/investor-relations
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Source: Toronto Globe and Mail
EU tariffs taking heavy toll on U.S. whisky exporters When Europe’s tariffs on U.S. whisky hit in June, 218, craft distillery Mountain Laurel Spirits LLC lost 1 per cent of its sales overnight as its European distributor simply stopped buying its award-winning Dad’s Hat Pennsylvania Rye Whiskey. Foreign governments subject to U.S. President Donald Trump’s trade tariffs have targeted American distilleries and their bourbon and rye whiskies for retaliation. The industry fears new tariffs under consideration by the U.S. government could result in even higher tariffs on their products in Europe. “We went from a marginally profitable business to breaking even,” Mountain Laurel’s owner and chemical engineer-turned-distiller, Herman Mihalich, said while testing his latest batch of rye whisky in the sleepy hamlet of Bristol in southeastern Pennsylvania. Story continues below advertisement U.S. whisky exporters are struggling to recoup lost sales after shipments to Europe plummeted 21 per cent
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BF.A
Sec Filings
- 5/2/24 - Form 3
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- BF.A's page on the SEC website