Jim Beam shutting down bourbon production at Kentucky distillery amid Trump’s tariffs
www.independent.co.uk
Trade war with Canada has contributed to a significant decline in U.S. liquor sales

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.

  • faythofdragons@slrpnk.netEnglish
    2·
    3 hours ago

    The shortage of local aluminum means that somebody can build a new plant because the tariffs allow them to make a profit.

    Who? Which supplier do you think will tell their shareholders that they’re not getting huge dividends from the tariffs?

    • plyth@feddit.orgEnglish
      1·
      2 hours ago

      All, unless they increase prices.

      It’s aluminium producers who profit from the tariffs, not buyers.

      • faythofdragons@slrpnk.netEnglish
        1·
        1 hour ago

        It’s aluminium producers who profit from the tariffs

        Exactly. Tariffs drive prices up, and non-tariffed producers are incentivized to also raise prices, because it’s pure profit that will go out as fat checks to their shareholders and execs.