Trade war with Canada has contributed to a significant decline in U.S. liquor sales
Jim Beam, one of the largest makers of American whiskey globally, is shutting down bourbon production at one of its Kentucky distilleries for a year.
The move comes amid Donald Trump’s trade war with Canada, which has contributed to a significant decline in U.S. liquor sales after the country ushered in a boycott of American booze, and as more young adults are cutting back on drinking.
Jim Beam, owned by Suntory Global Spirits, is one of Kentucky’s biggest bourbon producers.
The Bluegrass state’s $9 billion whiskey bourbon industry has been struggling to manage its abundant supply of liquor against the drop in demand.
Why should tariffs not work? What else could bring back manufacturing?
Surely if you want to force manufacturing back to a country via tarrifs you need to be smart and have a graduated tarrif over say 15 years increasing annually. That puts the market on notice but more importantly gives time for infrastructure and skills to be developed without immediately fucking over the population
There is no time for that. The military supposedly is preparing for a war with China as early as 2027, but more likely is 2030 when Europe wants to be ready for Russia.