President Trump's 25% tariffs on Canada and Mexico went into effect this week, disrupting industries, companies and consumers. Here's the impact on Kentucky.
On March 5, President Trump suspended tariffs on imports from Mexico and Canada. The move came as liquor companies in Kentucky and nationwide braced for theimpact from retaliatory maneuvers from neighboring countries after export tariffs took effect earlier this week.
"The tariffs right now are going to affect us, but farmers are resilient and they plan for this," Bruce Langley, with Langley Farms, said.
Canadian provinces have restricted American alcohol sales as part of retaliatory measures against President Trump’s tariffs.
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WAVE Louisville on MSNBourbon industry reacts to trade war with Canada, it’s biggest customerForman’s third quarter earnings call Wednesday, CEO Lawson Whiting called Canada’s response to a 25% tariff, “disproportionate.”
Canada's retaliation against U.S. tariffs hits Kentucky's bourbon industry hard, with potential ripple effects across the state's economy.
Governor Andy Beshear is asking Canadian leaders to reconsider tariffs on Kentucky goods, particularly the state's signature spirit.
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