Now, Europe's infatuation with Kentucky bourbon and other U.S. spirits is threatened by the potential 50% tariff — double the previous levy — that would inflict "irreparable harm to distillers large and small,” said Chris Swonger, the council’s CEO.
In response to tariffs President Donald Trump levied on Canada, Ontario issued an stop purchase of US beverages. Here's how it impacts Kentucky.
Forman’s third quarter earnings call Wednesday, CEO Lawson Whiting called Canada’s response to a 25% tariff, “disproportionate.”
The tariffs began Tuesday as the President demands those countries do more to stop the flow of fentanyl into the U.S.
Canadian provinces have restricted American alcohol sales as part of retaliatory measures against President Trump’s tariffs.