Trump tariffs may raise prices for American consumers of Canadian whisky and Mexican tequila
U.S. tariffs on Canadian and Mexican products will likely increase prices for American consumers of Canadian whisky and Mexican tequila. Analysts predict a potential 10% rise in prices, impacting sales amid already declining demand for alcoholic beverages. Importers face tough choices on how to manage these costs. They can either pass the full tariff burden to consumers or absorb some of the expenses themselves. The situation is complicated by retaliatory tariffs from Canada on U.S. goods. The tariffs, imposed by President Trump, come as the alcohol market is already struggling. The Wine & Spirits Wholesalers of America warned that these developments could worsen the industry's challenges.