Trade tensions impact American distillers
American distillers are struggling with global trade tensions, particularly with Canada, where exports of spirits have plunged 85% earlier this year.
According to the Distilled Spirits Council of the United States, the majority of Canadian provinces continue to ban American spirits from shelves, despite Canada removing its retaliatory tariff on the products weeks ago.
“Even though things have eased up, we still are not back on the shelf in Canada,” said Kentucky craft distiller Tom Bard. “Probably won’t be for a good long while.”
- Exports of spirits to Canada down 85%
- Declines in key international markets amid global trade tensions
- Consumer reaction to trade conflicts may curb international demand for American spirits
Author's summary: American distillers face costly trade tensions with Canada.