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Focus: New tariffs risk turning U.S. whiskey sour


By Martinne Geller(Reuters) - American craft distiller Adam Spiegel is bracing for a double shot of pain. An escalating international trade spat is driving up his equipment costs and threatens to cut into his profit from the bottles he exports to Europe, just as business is booming.U.S. President Donald Trump on June 1 imposed tariffs for aluminium imports from Mexico, Canada and the European Union. As a result, Spiegel expects his bill for recently-ordered steel fermentation tanks, worth several hundred thousand dollars, to be $50,000 to $60,000 higher. Spiegel will also get squeezed by the ...

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First Published: Fri, June 08 2018. 18:13 IST