Trump's Trade War Leaves American Whiskey on the Rocks
Global exports of American whiskey during the first half of 2018 rose 28 percent from the same period in 2017. Shortly after Mr. Trump’s tariffs went into effect, those sales slumped, declining 8.2 percent between July and November compared with the same period in the prior year.
Mr. Swonger said the targeting of spirits like whiskey is no accident. Besides being a classic American product, bourbon has a manufacturing hub in Kentucky, a politically important state that supports Mr. Trump and is home to Senator Mitch McConnell, the Republican majority leader.
The retaliatory tariffs have affected the industry in different ways. Big spirits makers such as Beam Suntory got ahead of the tariffs by quickly exporting large quantities of their whiskey, delaying some lost sales and price increases. But smaller craft distillers that lacked the capacity to produce enough whiskey to do that have had to dramatically slow their expansion plans.
https://www.msn.com/en-us/money/markets/trumps-trade-war-leaves-american-whiskey-on-the-rocks/ar-BBTvTBe?ocid=spartanntp
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