Your favorite cocktail could be an unexpected casualty of Trump's looming trade fight
President Donald Trump's 50% tariff threat on Canadian spirits could devastate U.S. bars and restaurants while pressuring Canada to restock bourbon.
TL;DR
- A potential 50% tariff on Canadian spirits looms as part of a U.S.-Canada trade dispute.
- This tariff could negatively affect U.S. bars, restaurants, and liquor stores.
- The tariff is intended to pressure Canada to allow American spirits back on its shelves, following retaliatory provincial bans.
- U.S. spirits exports to Canada have significantly dropped since the trade dispute began.
- The trade fight could impact distillers in both countries, as well as the hospitality industry.
- The distilled spirits industry advocates for zero tariffs and zero trade barriers, hoping for a negotiated agreement.
- Kentucky, a major bourbon-producing state, has been significantly impacted by the trade dispute.