Comment on Eastern Iowa businesses cope with trade stress

Eastern Iowa businesses cope with trade stress

Cedar Ridge Distillery made one of its first international shipments this week. Founder and owner Jeff Quint had negotiated prices and scheduled loading for two shipping containers of prizewinning bourbon bound for France and Denmark. Then the European Union applied a 25 percent tariff on American whiskey in response to the Trump administration’s earlier tariffs on selected imports. The shipments still happened, but at significantly lower prices. “We had the pricing all set, and after the tariffs happened we got stuck renegotiating the pricing,” said Quint.

 

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