EU Suspends Impending 50% Tariff Hike On U.S. Whiskey

Target Adding Alcohol to Curbside Pickup at 1,200 Stores

Volume 303 | May 17, 2021 EU Suspends Impending 50% Tariff Hike On U.S. Whiskey Mere weeks before the EU was set to increase tariffs on U.S. whiskey by 50%, the European Commission has announced it would again suspend the hike. EU Commissioner for Trade Valdis Dombrovskis says it will give the countries time to find joint solutions, thanking the Biden administration’s efforts to resolve the disputes. This is the latest in a series of steps taken by both parties to de-escalate the longstanding dispute over global supplies of steel and aluminum. Further reading: The Drinks Business INDUSTRY NEWS Target Adding Alcohol to Curbside Pickup at 1,200 Stores Source: USAToday Hard Seltzer Embraces the Squeeze Source: Wine Enthusiast Restaurant Sales Fully Recovered in April Source: Restaurant Business Nick Jonas and John Varvatos on Fashion, Friendship, and the Future of Villa One Tequila Source: VinePair Diageo Opens a Data-Based 'Collaboration Center' to Keep Pace With a Changing Alcohol Industry Source: Adweek Jared Poe is a wine and spirits executive with extensive experience in the mergers and acquisitions space. He played a vital role in building Veev Spirits and Stillhouse Whiskey before each was acquired, and is now the general manager for Sweetens Cove, an ultra-premium Tennessee whiskey founded by a group of friends that includes sports legends Andy Roddick and Peyton Manning. In the latest episode of the podcast, we talk about the different forms of investment, what’s attractive to strategic buyers in 2021, and understanding the symbiotic relationship between a startup and its strategic partner once a deal is made. LISTEN NOW UPCOMING TRADE EVENTS WSWA 2021 Brand Battle Tournament The WSWA Brand Battle Tournament will showcase rising brands with unique stories, packaging, and flavor profiles in a digital environment for all industry members to view. Panels of wholesaler judges will provide insight and feedback on the brands competing in the tournament.   Entry fees: $500 for Associate Members; $650 for Non-Members per category entered. More Resources From Park Street University  Video Library Park Street Insider Podcast 2021 Event Schedule Interested in participating in Park Street University? Get in touch at psu@parkstreet.com Click Below to Join our Park Street Insider News Mailing List SUBSCRIBE NOW CONNECT WITH US ‌ ‌ ‌ ‌ ‌ Want to learn more about Park Street's services? Request a consultation Park Street's mobile app is available for download on both iOS and Android platforms.

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