Biden must step in to stop massive tariff hike on US liquor: lawmakers

A group of lawmakers from both sides of the aisle are pushing the Biden administration to end looming tariff trouble for American liquor exporters facing a 50% EU tariff.

The EU, infuriated by the decision, set retaliatory tariffs on American products, including whiskey and spirits. There was a mutual agreement struck between the Biden administration and the EU to temporarily suspend the burdensome tariffs. But the deadline on that suspension is Jan. 1, 2024. Unless an agreement is reached before the New Year, the tariff will be reimposed and doubled to 50%. Brianna Herlihy is a politics writer for Fox News Digital.

"Spirits have had a significant cultural impact in our country, and currently have a profound impact on the U.S. economy. In 2022 alone, U.S. distilled spirit exports reached $2.06 billion. But the impact of the retaliatory tariffs was devastating," a group of bipartisan senators wrote to the Biden administration.