American spirit exports hit record high in 2024, driven by tariffs

Group 1 - U.S. spirit exports reached a record $2.4 billion in 2024, driven by tariff concerns and ongoing global trade disputes [1] - U.S. spirits exports to the EU surged by 39%, influenced by fears of a potential return of a 50% tariff on American whiskey imports in 2025 [2] - The lifting of retaliatory tariffs by the UK and EU has allowed U.S. spirits to recapture lost market share since 2018-2021 [2] Group 2 - Ongoing trade disputes unrelated to the spirits sector have created uncertainty, limiting sales growth for many U.S. distillers [2] - The threat of a 200% tariff on French Champagne and other EU spirits has diminished as U.S. and EU trade negotiations continue [3]