New Delhi, April 6 -- New Delhi: India's premium whisky, including single malts, headed to the US may not be hit even as the liquor sector may feel the heat of the additional 26% reciprocal tariffs introduced by the US.
"An increase in tariffs does have an impact, but whether it will be significant or just a knee-jerk reaction will become clear only after the release of the detailed schedule in the next few days," said Vinod Giri, director general, Brewers Association of India (BAI).
However, Giri said, the additional duties may not impact premium spirits such as single malts and other high-end categories as these products have a greater capacity to absorb tariff-related costs.
The steep rise in duties could threaten the sector's overa...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.