Trade Tensions Impact American Distillers
American distillers are facing significant challenges due to global trade tensions, particularly with Canada.
Exports of spirits to Canada have plunged 85% earlier this year, according to an industry group.
“Even though things have eased up, we still are not back on the shelf in Canada,” said Kentucky craft distiller Tom Bard. “Probably won’t be for a good long while.”
The majority of Canadian provinces continue to ban American spirits from shelves, despite Canada removing its retaliatory tariff on the products weeks ago, as stated by the Distilled Spirits Council of the United States.
- Exports to Canada down 85%
- Declines in key international markets
- Consumer reaction to trade conflicts may curb international demand
Author's summary: Trade tensions hurt US distillers.
More News
- Source: Pohlad Family Reduced Payroll to End Racism
- CTA proposes first fare hike in seven years: here’s by how much
- EU Unveils Major Defense Plan to Strengthen Eastern Borders and Counter Drone Threats by 2030 - EconoTimes
- Three in four doctors concerned about health impacts of climate change: physicians warn ‘the NHS is simply not prepared’
- Elections are on in Grand County: Here’s the basics.
- Megyn Kelly Threatens to Run for President if AOC Does: 'F--k That Woman' | Video
- Carlton Park Playground Improvements
- 7 UC faculty and alumni awarded MacArthur ‘genius grants’
- ‘Through continued international cooperation, we can eradicate world hunger once and for all’ – MO*