Bloomberg coverage of the trade tariffs
Photo courtesy Kristen Dill.
Bloomberg has continuing coverage of the Trump Trade Tariffs, and their unintended impact on craft distillers like us. Janine Wolf reports:
For the Harris family in Purcellville, the European market was supposed to represent 25 percent revenue this year—a significant share for a company of just 20 employees. It started spending the $100,000 in 2013 with a focus on Germany and Italy, with the expansion into its new markets expected to take off this year. Now, Catoctin Creek won’t be sending another shipment to the continent until either tariffs are lifted or a European customer places an order where they're swallowing the tariff cost.
"The only option that we’re really left with,” Scott Harris said, “is to tread water and see how long this will [shake] out."
Read the full story, here.