EU drops plans to hit American bourbon with retaliatory tariffs

The EU has decided not to impose retaliatory tariffs on American bourbon and other US whiskeys, following lobbying efforts from whiskey-making Ireland and wine-producing countries like Italy and France. This decision was made amidst concerns that their alcohol industries would suffer in the midst of a global trade war, particularly due to the economic impact of Donald Trump’s trade policies. This move provides some relief for drink makers in the US amid the ongoing economic uncertainty.

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