Bourbon makers breathed a sigh of relief this weekend after the United States and European Union agreed to lift tariffs on bourbon and whiskey.
The 25-percent tariffs had been hampering businesses in Kentucky for three years and were set to double to 50% in December.
In a statement, the Kentucky Distillers' Association praised the announcement and the positive impact it will have on one of Kentucky's largest industries.
Kentucky distillers are in the middle of a $5 billion dollar building spree to meet the growing global thirst for America's only native spirit.
There are now a record 10.3 million barrels of bourbon aging in Kentucky, the most in the Commonwealth's 200-year distilling history.