Countries have retaliated to Trump tariffs with their own taxes on US goods, and small companies in particular are feeling the pinch
The Trump administration has levied tariffs on China, the European Union, Canada and Mexico. Not surprisingly, those countries have retaliated with their own taxes on US-made goods. Many small businesses – from farmers to auto parts makers – have been caught in the middle of this growing trade war. We’ve been hearing about cars, steel and agriculture. But business owners in another industry are also feeling the pain: whiskey makers.
Big companies like Jack Daniel’s are already warning that – thanks to new tariffs from Europe, Canada and elsewhere – prices for many of their overseas customers could rise by as much as 10% over the next few months, a move that will surely affect sales, profits and potentially jobs at the company, based in Lynchburg, Tennessee.
Link : Trump’s trade war could mean bottoms up for small whiskey-makers