That's the American spirit: US trade negotiators block an EU tariff on bourbon, for now

A staggering 50 percent tariff on bourbon by the EU was blocked until 2025 after U.S. and European trade negotiators negotiated a truce.

The European Union was slated to slap a staggering 50 percent tariff on distilled spirits produced in the United States as of January 1. But an emergency truce brokered by U.S. and European trade negotiators blocked what could have been a substantial upcharge to sell American distilled spirits to the EU.  Chad Pergram currently serves as a senior congressional correspondent for FOX News Channel (FNC). He joined the network in September 2007 and is based out of Washington, D.C.

"Bourbon has actually been growing all over the world," said Senate Minority Leader Mitch McConnell, R-Ky., in an interview. "It used to be sort of a southern, United States preference. But the whole industry has really picked up over the last five to ten years. And Europe is a good market for us."