124
submitted 4 months ago by MicroWave@lemmy.world to c/news@lemmy.world

Trade war with Canada has contributed to a significant decline in U.S. liquor sales

Jim Beam, one of the largest makers of American whiskey globally, is shutting down bourbon production at one of its Kentucky distilleries for a year.

The move comes amid Donald Trump’s trade war with Canada, which has contributed to a significant decline in U.S. liquor sales after the country ushered in a boycott of American booze, and as more young adults are cutting back on drinking.

Jim Beam, owned by Suntory Global Spirits, is one of Kentucky’s biggest bourbon producers.

The Bluegrass state’s $9 billion whiskey bourbon industry has been struggling to manage its abundant supply of liquor against the drop in demand.

you are viewing a single comment's thread
view the rest of the comments
[-] MrSulu@lemmy.ml 0 points 4 months ago

Are there still significant numbers of people that believe Trump understands the economy or are the minority morons just getting louder, with support from Russia? Were they always just 30-50% Russian as per the recent issue identified on r/conservative

[-] plyth@feddit.org 0 points 4 months ago* (last edited 4 months ago)

I believe that this is backwards. Trump is fully backed by the US billionaires. There is no opposition among them, which would have financed an impeachment.

This makes Trump's Russian links secondary. I cannot imagine the billionaires to let a guy win who could betray them and their global influence.

Now the success of China demands drastic changes. The Russian links allow the media to shift blame constantly. It would be less convenient if people wouldn't look for the origin of problems in Russia.

The tariff policy on China is necessary to shift production back to the US. The new leverage on other countries is an additional benefit. Like most things this won't be Trump's plan but attributing it to him prevents people from asking more questions. Project 2025 exists. It's neither made by Trump nor Russia.

[-] SaveTheTuaHawk@lemmy.ca 0 points 4 months ago

You are extremely naive if you think tariffs will move production back to the US. Affordable the health care coverage for employers would have a much more profound effect.

[-] plyth@feddit.org 0 points 4 months ago

The healthcare would be clever. But why do tariffs not work?

[-] faythofdragons@slrpnk.net 0 points 4 months ago

The idea behind tarrifs, is that they'll make non-American goods more expensive than American goods, and people will choose the less expensive option.

The problem is, that's not happening. There often isn't a 100% American made option, most "made in the USA" still relies on material imports, which are tarrifed, so their prices went up too.

There isn't enough US materials, so even if you source local aluminum, the demand has outpaced the supply, so the cost has gone up.

Then there's labor, where manufacturing typically imports labor too, but they're being deported, and domestic labor costs more, so prices have gone up.

Tarrifs only work if theres a ton of legislation impacting the companies themselves, because they will never take a voluntary decrease in profit.

[-] plyth@feddit.org 0 points 4 months ago

So it's also an additional tax that reduces American resource consumption which is a burden. But overall the idea should work. Step by step local producers can create products until everything can be sourced in the US.

[-] faythofdragons@slrpnk.net 0 points 4 months ago

But overall the idea should work.

Not really. Just tarrifs don't work, because it would require companies to voluntarily reduce profits for a period of time, and publicly traded companies get sued by shareholders if they do stuff like that.

[-] plyth@feddit.org 0 points 4 months ago

I don't understand why. Do you mean that companies have to make investments in production lines in the US which reduces profits?

The shortage of local aluminum means that somebody can build a new plant because the tariffs allow them to make a profit.

[-] faythofdragons@slrpnk.net 0 points 4 months ago

The shortage of local aluminum means that somebody can build a new plant because the tariffs allow them to make a profit.

Who? Which supplier do you think will tell their shareholders that they're not getting huge dividends from the tariffs?

[-] plyth@feddit.org 0 points 4 months ago

All, unless they increase prices.

It's aluminium producers who profit from the tariffs, not buyers.

[-] faythofdragons@slrpnk.net 1 points 4 months ago

It’s aluminium producers who profit from the tariffs

Exactly. Tariffs drive prices up, and non-tariffed producers are incentivized to also raise prices, because it's pure profit that will go out as fat checks to their shareholders and execs.

[-] JollyBrancher@sh.itjust.works 0 points 4 months ago

Anecdotally, I know some folks who work under the UAW. Before/after a recent round of significant layoffs because of these big, beautiful tariffs, even the union leadership was spouting off how manufacturing would return to the US within years and it would be "worth it." Some of the workers who already didn't want to jump in bed with Trump ate it up. You would think at least leadership in a massive union overseeing any manufacturing/production would at least understand how this was a bad move for their whole organization, but here we are.

[-] SaveTheTuaHawk@lemmy.ca 0 points 4 months ago

The whole reason why the auto sector exists in Canada is the lower health care costs.

GM alone spends $17M/year just on viagra for it's employees.

[-] JollyBrancher@sh.itjust.works 1 points 4 months ago

Always glad to have an opportunity to understand another country's healthcare system and it's inner-workings. Appreciate it 🤙🏻 I remember right-wing people in USA Air Traffic Control would bring up Canada's ATC system and workers, and I would just always bring up retirement/benefits for the differences in pay and how we paid for them anyway - and less efficiently. Plus I'm quite certain their guaranteed workers' protections were better than what we got from the union directly (not USA union bashing at all - just strictly the bennies in comparison).

[-] plyth@feddit.org 0 points 4 months ago

Why should tariffs not work? What else could bring back manufacturing?

[-] YeahToast@aussie.zone 0 points 4 months ago

Surely if you want to force manufacturing back to a country via tarrifs you need to be smart and have a graduated tarrif over say 15 years increasing annually. That puts the market on notice but more importantly gives time for infrastructure and skills to be developed without immediately fucking over the population

[-] plyth@feddit.org 0 points 4 months ago

There is no time for that. The military supposedly is preparing for a war with China as early as 2027, but more likely is 2030 when Europe wants to be ready for Russia.

[-] JollyBrancher@sh.itjust.works 1 points 4 months ago* (last edited 4 months ago)

Even if you build the infrastructure, there will still be Tariffs on the raw materials. The production stateside wouldn't be significant enough to offset that in any way with how things have been built the past 30+ years. If that hypothesis would even be the end goal, they likely would've saved more by pumping out extra acquisitions in the handful of years tariffs have rammed the economy and USA society at its most basic levels *ETA realized I might've more/less double-talked on @YeahToast@aussie.zone

this post was submitted on 21 Dec 2025
124 points (99.2% liked)

News

37454 readers
113 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS