Tax, Trade, and Turmoil: When Tariffs Go Too Far

 The U.S.-Canada trade war has disrupted the bourbon industry, leading to canceled shipments and stalled agreements. In retaliation for U.S. tariffs, Canada has removed U.S.-made alcohol from shelves, causing financial losses for distilleries like Michter’s, which lost $115,000 in canceled Canadian orders. Kentucky’s bourbon industry, worth $9 billion annually and producing 95% of the world’s bourbon, faces significant challenges. Independent brands, such as Uncle Nearest, are particularly vulnerable to these trade tensions, as they cannot afford the additional cost of tariffs. The ongoing trade dispute, sparked by U.S. tariff policies, has created uncertainty for businesses on both sides.