Kentucky bourbon faces new trade tensions as tariffs loom

apnews.com February 3, 2025, 09:00 PM UTC

Kentucky bourbon producers face renewed trade tensions as President Trump announced new tariffs on Canada and Mexico. Although these tariffs are currently on hold for negotiations, Canadian provinces plan to impose tariffs on American imports, affecting bourbon sales. The bourbon industry, vital to Kentucky's economy, generates $9 billion annually and employs many residents. Local leaders express concern that tariffs will impact not just distilleries but also farmers and workers in related sectors. The situation is complicated by existing challenges, including high inventories of aging bourbon and a potential 50% tariff from the European Union set to take effect in March. Industry representatives are urging for a resolution to protect American whiskey exports.


With a significance score of 3.3, this news ranks in the top 17% of today's 14712 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 8000 minimalists.