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July 12, 2018

Trade policies take a toll on small firms

  • Golden Moon Distillery in Colorado expected its EU revenue to hit $350,000 this year. Now it looks more like $25,000.
    • By JOYCE M. ROSENBERG
    AP Business Writer

    NEW YORK — Time and effort have gone down the drain for Steve Gould, who is scrambling to find new customers for his gin, whiskey and other spirits since the United States has taken a tough stance on trade issues.

    Before the European Union retaliated against new U.S. tariffs with taxes of its own, Gould expected revenue from the EU at his Golden Moon Distillery in Colorado to reach $250,000 or $350,000 this year. Now he's concerned that European exports will total just $25,000.


     
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