A SPEYSIDE MP has secured a Westminster debate on the Government's support for the Scotch whisky industry, as they argue the current tax regime is costing the UK Treasury hundreds of millions in lost revenue.
China is raising tariffs on several types of alcohol, including vermouth, brandy, and whisky, in a move that is expected to further strain the country's sluggish liquor market.
While Saskatchewan hasn't joined other provinces in pulling American alcohol brands off the shelves, the push to buy Canadian is just as strong here as it is across the nation.
As Canada hits back against U.S. President Donald Trump's tariffs with counter-tariffs worth $155 billion, American liquor and wine may be one of the first things to disappear from shelves.
Last year, Liquor & Gaming NSW (L&GNSW) considered new guidelines that would target alcoholic soft drinks, with the Government now confirming it will not proceed with additional regulations.
The end of dry January will coincide with big jumps in the price of wine and spirits as higher tax rates kick in, drinkers were warned today.
The wine and spirits industry in the United States could face significant economic challenges if a proposed 25% tariff on Mexican-origin products is implemented, according to a report by John Dunham and Associates, released by the Wine and Spirits Wholesalers of America (WSWA).
The Treasury has lost 500,000 (US$607,000) a day in revenue since the double-digit hike on spirits tax in the UK.
Shares of Asian liquor and beer makers declined after the US Surgeon General outlined a direct link between alcohol consumption and heightened cancer risk, and called for warning labels.
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Mexico has found itself struggling in a massive liquor crisis and US President-elect Donald Trump's tariff threats are only making the situation worse.