Preheat the oven to 350 F. In a large bowl, combine butter with powdered sugar until fluffy. Add in vanilla extract and mix until smooth.
Add in the flour and cherry juice. Mix until it is fully combined. Fold in dried cherries and white chocolate chips.
Roll the cookie dough into balls, and flatten each one slightly. Place cookies onto a large ungreased baking sheet. Bake for 10-12 minutes.