5/20/2023 0 Comments Fred minnick bourbon![]() Take Vietnam, a TPP member that increased American spirits imports by 173.9 percent between 20, to $45.9 million, making it the category’s fastest-growing importer. ![]() Trump’s decision, early in his term, to pull out of the Trans-Pacific Partnership, and his aversion to trade pacts in general, undermines many American exporters’ long-term growth strategies, which rely heavily on overseas markets that lap up “made in America.” But very few industries are truly domestic, with no interests abroad, and when free trade suffers, they suffer, too.Ī looming trade war isn’t the industry’s only concern. Trump’s intention to pursue better trade deals for the American people is laudable, and done right it could add jobs to some of America’s long-suffering industries. ![]() Should the tariff dominoes fall, it will be a case study in the shortsightedness of a supposedly “America first” trade policy that, in the end, hurts Americans the most. ![]() In fact, a punitive tariff on bourbon and other American whiskeys would be both a symbolic and a substantive body blow - a strike at a unique American product that is enormously popular overseas. Everyone needs steel bourbon, on the other hand, is just a hipster fad and a good-ole-boy mainstay, right? This may seem an oddly disproportionate choice. ![]() If President Trump follows through on his threat to impose tariffs on steel imports, expect to see an immediate response from the European Union - including retaliatory tariffs on, of all things, bourbon. ![]()
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