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'That's a significant impact to our business': Kentucky distilleries feel the squeeze after Canada pulls U.S. liquor from shelves. Here's how tariffs can affect ...

The article discusses the impact of Canadian tariffs on American whiskey, particularly affecting distilleries in Kentucky. Canada has imposed retaliatory tariffs on U.S. liquor in response to U.S. tariffs on Canadian steel and aluminum, leading to a significant reduction in the presence of American whiskey on Canadian shelves. This has resulted in a noticeable decrease in sales for Kentucky distilleries, with some reporting a 50% drop in exports to Canada. The tariffs have not only strained the distilleries' business but also potentially increased consumer prices in America due to the economic principle of supply and demand; with less product being exported, there might be an oversupply in the U.S., but the costs associated with production and the loss of a major market could still push prices up. The article also touches on the broader implications of trade wars, illustrating how tariffs can disrupt international trade relationships and affect industries beyond just the immediate targets of the tariffs.

Read the Full Moneywise Article at:
[ https://www.msn.com/en-us/money/markets/that-s-a-significant-impact-to-our-business-kentucky-distilleries-feel-the-squeeze-after-canada-pulls-u-s-liquor-from-shelves-here-s-how-tariffs-can-affect-consumer-prices-in-america/ar-AA1Bu9TD ]