Trump’s Canada trade war hits Jack Daniel’s and Jim Beam with a devastating $143 million loss
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Last year, Canada was one of the most reliable international buyers of American whiskey. Now it’s become one of the industry’s biggest losses.U.S. spirits exports to Canada have plunged by nearly 70 percent, collapsing from what had been a roughly $250 million annual market for American distillers to just $89 million, according to data compiled by the Distilled Spirits Council of the United States (DISCUS).
The sharp downturn followed a trade clash sparked by President Donald Trump’s tariffs,
The sharp downturn followed a trade clash sparked by President Donald Trump’s tariffs,
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