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Stock impact report

Trump's Tariff War Is Crushing American Alcohol Makers [Yahoo! Finance]

Brown Forman Inc Class A (BF.A) 
Company Research Source: Yahoo! Finance
Yet despite clear signs that his tariff policies are backfiring, the president keeps doubling down. Last year, in response to the administration's tariffs on goods from Canada, provincial liquor stores in Quebec and Ontario enacted a boycott on American wine and distilled spirits. Because the government operates the liquor stores in those provinces, it was relatively straightforward to simply pull all American-based alcohol from store shelves, essentially zeroing out Canadian alcohol sales for American producers. Now, the data is starting to roll in concerning the impact of the boycott. Since 2024, there has been a jaw-dropping 91 percent decline in U.S. wine sales to Canada. In just October of last year, there was an 84 percent year-over-year drop in wine sales compared to the prior year and a 56 percent drop in distilled spirit sales. Prior to the boycott, Canada was one of the primary export markets for American wine. As reported by The Independent , large distilling companie Show less Read more
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