July 14, 2025

30% Tariffs on EU and Mexico Announced for Aug. 1 Deadline

Over the weekend, President Trump announced plans to enact 30% tariffs on EU and Mexican imports, citing their trade deficits with the U.S. as a "major threat" to national security. These tariffs are scheduled to take effect on August 1, 2025, coinciding with the recently renewed negotiation deadline.

In response, the EU has extended its suspension of retaliatory tariffs on U.S. goods that were set to be implemented in the coming days. European officials are actively working to secure a trade agreement with the Trump Administration before the August deadline.

European winemakers are concerned about their prospects in any potential deal, given wine's significant trade deficit with the U.S. However, spirits producers may be in a more favorable position due to their relatively balanced trade flows between the regions.

The Top Trends Driving On-Premise Sales in 2025

Source: Park Street

Reyes Beverage Group Announces Expanded Partnership In California With Gallo

Source: Reyes Beverage Group

Cocktail of the Summer: The Hugo Spritz

Source: The Week

Five Things to Know About the New NMFC Freight Class Rules

Source: Supply Chain 247

The Craft Spirits Data Project report (CSDP) is the only authority for craft-level economic spirits data reported directly from craft distilleries. If you’re a U.S.-based distiller, it’s time to complete the annual survey!

Bib & Tucker Unveils Gold Roast Bourbon, a Bold Fusion of Tennessee Bourbon and Roasted Coffee Tradition

Source: PR Newswire

Desolas Mezcal Expands to Tennessee

Source: The Spirits Business

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More than half (52%) of on-premise visitors now choose spirits when they drink out, emphasizing the category’s pivotal role in venue sales.

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