Scott Harris (our founder and general manager) was on Fox Business this week, on Countdown to the Closing Bell with Liz Claman, discussing trade tariffs and their impact to our small business. This is great insight into the unintended consequences of this trade war with the EU, in a non-partisan forum. This topic isn't about politics, but rather, about allowing free and fair trade between the EU and the USA so small businesses like ours can grow and create good paying American jobs.
“The impact of these tariffs is going to wipe out all the benefits we got from the tax cuts for our particular business,” he said during an interview with FOX Business’ Liz Claman on Wednesday. “That’s really disappointing for us.”
See for yourself in the video above, or for the full story, click here.
Sprechen Sie Deutsch? Wenn ja, können Sie gerne erfahren, wie sich die Trump-Zölle negativ auf amerikanische Whiskyhersteller wie Catoctin Creek auswirken. Dies ist eine übersetzte Version der ursprünglichen AP-Geschichte von Bruce Schreiner.
US-Whiskybrennereien bangen um Exportgeschäft — Echter Bourbon könnte schon bald deutlich teurer werden. Grund sind die von der EU verhängten Vergeltungszölle auf US-Produkte. Doch nicht nur Verbraucher dürften künftig unter dem Handelsstreit leiden. Viele Whiskeybrennereien in den USA blicken mit Sorge auf die Handelsstreit.
Sie können das Video anzeigen, indem Sie auf das obige Video klicken oder hier klicken.
Do you speak German? If so, you can enjoy learning about how the Trump trade tariffs are negatively affecting US whiskey makers like Catoctin Creek. This is a translated version of the original AP story by Bruce Schreiner.
US whiskey distilleries are worried about export business - real bourbon could soon become significantly more expensive. The reason is the EU's retaliatory tariffs on US products. But not only consumers are likely to suffer from the trade dispute in the future. Many whiskey distilleries in the US are worried about the trade dispute.
You can view the video by clicking the video above, or click here.
Owen Fairclough, reporting for CGTN America, does a thorough job explaining the perils that small whiskey producers, such as ourselves, face due to the trade tariffs. He writes:
Distilled spirits have enjoyed huge growth in the U.S over the last 20 years and are now manufactured and exported from 42 U.S States. The impact of those tariffs is being felt across the country.
According to the Distilled Spirits Council, nearly half of the exports are being targeted by tariffs. And it’s not just the liquor.
The tanks used in the distilling process are made from European metal – and even they’ve been hit by tariffs imposed by the Trump administration.
Local news channel WJLA ABC 7 covered our story on the trade tariff impacts on our whiskey business. Tim Barber reports:
Distilling whiskey takes time. And so does positioning a small business for a big, overseas expansion.
“These are solid, good American manufacturing jobs and these are being impacted,” says Scott Harris of Catoctin Creek Distilling Company in Purcellville.
Right now, the price of his most popular bottle is $45 overseas. But if the tariff turmoil continues, that price could jump to $56 per bottle.
The coverage continues. Vanity Fair has a story sweeping up the impact of the tariffs across a broad set of industries, including ours:
American whiskey makers are worried the E.U.’s retaliatory 25 percent duty on whiskey will obliterate its export business, with Scott Harris, a founder of Catoctin Creek Distillery, telling the Times, “We are just launching into the European market now in a big way, and . . . we’re probably going to see all of our European sales now come to a screeching halt”
More coverage from the New York Times on the Trump trade wars, and how they're hurting our growing small business. Alan Rappeport reports:
A self-described free-trade Republican, Mr. Harris is disappointed with the path that his party has taken on trade.
“I remember just two years ago we were talking about pushing hard for the Trans-Pacific Partnership so we could open markets in Asia, but all of that has just been turned upside down,” Mr. Harris said. “It really is quite puzzling.”
Fox5 DC came out to Purcellville to interview Scott Harris, founder of the distillery, about the impacts of the trade tariffs on his growing small business. Matt Ackland reports:
Starting on Friday, the European Union has slapped a 25-percent tariff on whiskey and other products. Harris said he has already produced more product for his European customers and worries what he will do with it if those customers go away due to higher prices.
“I have been asked, ‘Does that mean we’re laying people off?’” Harris said. “No, we’re not laying people off, but we may not be hiring anybody for a while now either.”
You can read the entire story, here. Or click the image above to see the video.
The Associated Press released a story this week, and it featured Catoctin Creek. The gist of the story is that the Trump trade tariffs will appreciably harm both big producers and small producers alike, just as the US whiskey market is set to explode in Europe. The timing could not be worse.
[Scott Harris, Founder at Catoctin Creek] worries his overseas distributors might drop his spirits if the dispute drags on, and consumers will quench their thirst elsewhere. Already, rye whiskeys are coming out of Ireland and Scotland, he said, and with a bit of internet digging, "I could probably come up with a German distiller who's making a corn spirit that could, for all practical purposes, be very similar to bourbon."
The story was released nationally, and showed up in many newspapers. We like the version in the Sacramento Bee best, because it included some cool photos at the distillery. Read that, here.
Scott was invited down to Fox News to talk about trade tariffs and how they'll negatively impact small business and large business alike in the spirits sector. Trade wars like the one proposed are direct threats to the growth and expansion of manufacturing and agriculture jobs across all 50 states. Click the video below to learn more.
So very cool to have a great review from Bourbon Paddy, who reviews whiskey from his home near Dublin, Ireland. As we are just starting our entrance into the UK market (not Ireland just yet, unfortunately), it's great to see Paddy's detailed review. From the review, he writes:
This is a very nice easy drinking rye whisky; it’s smooth, flavourful, well-balanced, and not just an over-oaked fiery wall of young rye spice and barrel char. What stands out for me is despite coming across young and grain forward on the nose, those bold and spicy rye grain notes are very well balanced by the rest of the flavours as you sip giving a spicy rye with a fruity edge. At times it is hard to believe that this is a 100% rye mashbill because of all the beautiful flavour notes that emerge as you chew this; however, I put this down to the fact that this isn’t sourced (so no familiar MGP notes here) and Catoctin’s considerate approach when making this whisky.
You can read the full review, which includes detailed notes on nose, palate, finish, as well as production notes, here.
On Wednesday night, Scott Harris, founder and general manager of Catoctin Creek, appeared on Fox 5 evening news to talk taxes, economic development, and whisky sours. Key points raised during the quick interview:
The reduction in Federal Excise Tax has allowed small businesses like ours to invest in jobs--good high paying jobs--that improve our local community.
We also invest in other businesses like farms and other suppliers, further boosting the local economy.
The tax savings allow us to invest in our own business with about $1M more of equipment coming online in the next year, allowing us to get more of our product to more people.
And finally, May is whisky sours month at Catoctin Creek, and a hibiscus, strawberry, lime whisky sour is a beautiful thing!
Recent coverage in Maxim magazine was quite good: Catoctin Creek teams up with metal maestros of havoc, gore and monstrosity GWAR for their highly limited edition Ragnarök Rye release. The intergalactic monsters apparently traveled to Purcellville, Virginia to destroy Planet Earth...
The EU tariffs on American whiskey are finally gone! After three long years, we can now compete on a fair basis of free trade. Bruce Schreiner writes for the Associated Press: With the trade barrier coming down, Catoctin Creek Distillery in...
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More coverage from the New York Times on the Trump trade wars, and how they're hurting our growing small business. Alan Rappeport reports:
So very cool to have a great review from Bourbon Paddy, who reviews whiskey from his home near Dublin, Ireland. As we are just starting our entrance into the UK market (not Ireland just yet, unfortunately), it's great to see Paddy's detailed review. From the review, he writes:
