In Case You Haven't Heard…

Europe is a big market for American bourbon. Canada liquor stores have already removed it from their shelves. Meanwhile, the United States is a big market for spirits and wine made overseas. Tariffs threaten everything, according to an August 6 Reuters report, which cited a letter from 57 alcohol industry groups sent to President Donald Trump last week. Tarifss also threaten glass suppliers, retailers, and restaurants. The value of alcohol sales could be cut by $2 billion in the United States, where 25,000 jobs would also be put at risk by the 15% tariff on EU goods, according to Reuters. In addition, menu items in the United States will have higher prices.