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Distilled Spirits Tariffs

Canada, Mexico, and China are all retaliating with tariffs against the U.S. Of their own.

This comes in response to the recently implemented tariffs from the Trump Administration.

As a result, its expected the prices of many products will increase in the coming days.

Liquor and beer specifically could now cost more to be imported to the U.S.

While many bar owners are uncertain of how these tariffs will affect them the Distilled Spirits Council of the United States made a statement Yesterday that the price of liquor may be a concern.

The Discus CEO said on Tuesday that American spirits consumers as well as restaurants and bars across the country that are still struggling following the pandemic closures will shoulder the burden of these tariffs.

One local bar owner said Today that if these tariffs hit the shelves of Statewide Liquor Stores that could mean higher prices for customers.

The CEO also says that according to an economic analysis 25 percent tariffs on imports alone without taking retaliatory tariffs into consideration could lead to a loss of nearly 31,000 U.S. Jobs.

Other bar owners were unable to comment at this time

However we did receive a statement from the PA Liquor Control Board.

Their Press Secretary said in a statement this Afternoon

“Although Federal Tariffs on products from Canada, Mexico and China are now in effect, we cannot determine at this point any impact on Wine and Spirit prices in Pennsylvania.”

He also says that they do not know how importers will respond to tariffs over time but many are hoping for a quick resolution.

 

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