President Trump’s proposed budget for the 2026 fiscal year, which starts Oct. 1, proposes to collect the same or more in alcohol, tobacco and other taxes with 35 fewer Alcohol & Tobacco Tax & Trade Bureau staffers. The reduction in…
Tag: Kane’s Beverage News Daily
Services Activity Slows in May for 1st Time Since June 2024
Economic activity in the services sector contracted in May, the first time since June 2024, the Institute for Supply Management reported. The Services PMI contracted slightly at 49.9%, below the 50% breakeven point for only the fourth time in 60 months since recovery from…
Bourbon, U.S. Wine in Tentative EU List of Tariffs
Heavy lobbying by European spirits and wines producers, who feared further U.S. tariffs on their own products, deterred the European Commission from proposing tariffs on Bourbon and U.S. wine. But Washington’s blanket 10% tariffs on all EU products, including spirits,…
Bourbon Removed from EU Retaliatory Tariff List
The EU removed Bourbon from a list of proposed counter-tariffs of 25% on a variety of U.S. goods intended as a response to President Trump’s tariffs on EU steel and aluminum. U.S. wine was also removed from the list, The Wall…
The Billion-Dollar Alcohol Sales Chasm: Millennials and Gen Z Can’t Buy How They Want
DRINKS, the pioneering and leading platform for alcohol e-commerce anywhere, reveals that nearly half of younger consumers are ready to abandon traditional alcohol retailers. A recent survey of 1,000 U.S. consumers, commissioned by DRINKS and conducted by Dynata, found that…
EU Retaliatory Tariffs Include All U.S. Alcoholic and Nonalcoholic Beverages
The 50% tariffs announced last week by the European Union in response to President Trump’s global tariffs on steel and aluminum apply to all U.S.-produced beer, wine and spirits as well as nonalcoholic beverages and a wide range of other…
EU Responds to Trump’s Steel, Aluminum Tariffs with 50% Levy on All U.s. Bev/Al; Includes Other Goods
Calling new U.S. tariffs announced by President Trump on imports of European Union steel and aluminum “unjustified,” the EU Commission reimposed a 50% tariff on U.S. alcoholic and nonalcoholic beverages and other products effective April 1. The EU also put…
Banfi Adds Alexander Valley Vineyards as an Agency Brand, Its 1st Calif. Offering
Banfi Vintners, wine and spirits merchant and importer of its family-owned fine wines, announces a strategic partnership with Alexander Valley Vineyards in a significant expansion of its prestigious wine portfolio. Alexander Valley Vineyards has a rich family history and strong tie to…
LOW PRICE, LIMITED SUPPLY HELPS ‘CULT WINERIES’ DRIVE LONG-TERM DEMAND
When a product is hard to buy, more people want it. A new Washington State University study finds wineries producing “cult wines” can boost long-term profits by keeping their prices low, creating excess demand that fuels their brand’s prestige and…
There’s a Consumer Market for Smoke-Impacted Wines: Study
Consumers, particularly those that like smokey flavors in food and beverages, are open to drinking smoke-impacted wines. That’s the conclusion of a new study at Oregon State University, Corvallis. “It demonstrates that with certain wine drinkers there is a potential…