Economy

North American Spirits Industry Calls for Dialogue Amid Rising US Tariffs

Concerns Over Tariffs Impact

The Distilled Spirits Council of the United States, alongside Spirits Canada and the Mexican Chamber of the Tequila Industry, has expressed deep concerns regarding the newly imposed US tariffs on imported spirits from Canada and Mexico. They argue that these tariffs could significantly harm the spirits industry across all three countries.

Call for Constructive Dialogue

In a joint statement, the groups emphasized the importance of engaging in constructive dialogue to address these concerns proactively. They highlighted the need to maintain a commitment to a thriving spirits industry across North America, warning against the potential for retaliatory tariffs that could negatively impact the shared industry.

Trump's Tariff Announcement

This development follows the White House's announcement that President Trump is imposing a 25% tariff on Mexican imports, a 25% tariff on Canadian goods, and a 10% tariff on its energy resources, sparking widespread concern among industry stakeholders.