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. These tariffs, they argue, 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. They aim to maintain a thriving spirits industry across North America and avoid a cycle of retaliatory tariffs that could negatively impact the shared industry.

Recent Tariff Announcements

The White House recently announced that President Trump is imposing a 25% tariff on Mexican imports, a similar rate on Canadian goods, and a 10% tariff on energy resources. These measures have sparked concerns among industry leaders about the potential for increased tensions and economic strain.