INSIDER
Here are some goods in the crosshairs of Trump's tariffs on Mexico, Canada and China
Read full article: Here are some goods in the crosshairs of Trump's tariffs on Mexico, Canada and ChinaPresident Donald Trump was poised to impose 25% taxes on imports from Canada and Mexico Tuesday and to double to 20% his levies on Chinese products.
An unwanted double: US sales fall for American whiskeys as threats of a trade war heat up
Read full article: An unwanted double: US sales fall for American whiskeys as threats of a trade war heat upLike a watered-down drink, domestic sales for American whiskeys were unsatisfying in 2024 as inflation reined in consumer spending on some distilled spirits.
:strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/RFC4O5DBPVBVFNSVCYESR7BVLQ.jpg)
Tariffs hit American whiskey producers hard in Europe
Read full article: Tariffs hit American whiskey producers hard in EuropeThe EU targeted American whiskey and other U.S. products in response to President Donald Trumps decision to impose tariffs on European steel and aluminum. The new report shows that the tariffs derailed a great American export success story," said Chris Swonger, the council's president and CEO. This report makes clear that these tariffs took the wind out of the sails for American Whiskey exports to our top export market." From 1997 through June 2018, American Whiskey exports to the EU surged from $143 million to more than $750 million. Despite the trade dispute, the EU still accounted for 52% of global American whiskey exports in 2019, the report said.