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Stock impact report

Whiskey sour? China importers fret over U.S. trade battle [Reuters]

Brown Forman Inc Class A (BF.A) 
Company Research Source: Reuters
Whiskey sour? China importers fret over U.S. trade battle | Reuters Reuters Staff 6 Min Read * Whiskey importers in China concerned at punitive tariffs threat * Market is still small - worth only $8.9 million last year * Whiskey among goods targeted by China in proposed retaliation * Whiskey sellers face margin hit or have to raise consumer prices * Bartenders say they believe customers will shrug off price rises By Brenda Goh and Andrew Galbraith SHANGHAI, April 18 (Reuters) - When spirits dealer Daniel Taytslin brought his first pallet of American Ragtime Rye whiskey into Shanghai in early April, the 672 bottles faced a 5 percent import tariff at China’s customs. His next shipment from New York could be a lot more expensive as China prepares to slap a 25 percent additional tariff on hundreds of American products, including whiskey, because of a deepening trade dispute with the United States. Taytslin and other U.S. whiskey importers say the worsening row is making small traders, as Show less Read more
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