Jack Daniel’s Tennessee Whiskey prices will rise in the European Union (EU) due to the member countries’ new 25 percent tariff on imported U.S. whiskey.
Brown-Forman Corp. spokesman Phil Lynch told The Associated Press that the price of Jack Daniel’s in the EU will likely rise by about 10 percent, a change which will go into effect over the next couple of months.
He added that the prices will vary, as local distributors and merchants play a role in determining the price.
The EU imposed tariffs on a number of American goods in response to President Trump’s steep tariffs on steel and aluminum imports. The EU tariffs were placed on goods including bourbon, orange juice and motorcycles.
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Jack Daniel's forced to raise price of whiskey by double digits in response to tariffs https://t.co/hLFpQxh8ud pic.twitter.com/DCzwQHw6bg
— The Hill (@thehill) June 27, 2018
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