Trump's proposed tariffs could mean higher costs for Canadian whisky in US

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Trump's proposed tariffs could mean higher costs for Canadian whisky in US - Business Standard

Quick Summary:

The tariffs and retaliatory tariffs would threaten alcohol sales in all three markets-- the US, Canada and potentially Mexico-- which are among the highest alcohol-consuming countries on a per capita basis.

US President Donald Trump over the weekend signed executive orders imposing 25 per cent tariffs on Canada and Mexico, the United States' two main trading partners.

Global makers of alcoholic drinks like Diageo are caught in the cross-fire of a major trade war as threatened tariffs -- postponed for a month-- could deal a hefty blow to an industry already struggling with falling sales.