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.
we need socialism
Jim Beam me outta here!
Ain’t that a damn shame. The Blue Grass is covered in orange shit. Zero sympathy for the neo-Nazi Kentucky voters and the Japanese at Suntory should consider dumping Jim Beam from the portfolio.
Winning?
better without more of that piss in rotation
I’m not a huge fan of their product either, but it’s perfectly serviceable, affordable Bourbon. For someone who likes the occasional drink but has limited income, it beats the hell out of similarly-priced products.
Jim Beam is excellent for the price. It’s priced like a plastic bottle liquor, but its a proper bourbon. Not the best, but it’s $12 a bottle.
If you’re not an alcoholic, putting a bit more for the buck is clearly worth it.
I actually like it better than the stuff one level above it like 4 roses or bullet. Buffalo Trace or Woodford are superior, I agree. But if want to spend money I’d rather go for a Islay Scotch.
Would it be that hard to show numbers on how much us consumption is down, and how much exports are down for this company?
News be trash.
Yeah, they’re kinda getting a double whammy, and I’m interested in seeing the breakdown. People are definitely drinking much less these days, gen z are not big drinkers in comparison with how millennials were. And I also have no doubt the economy is playing its role as well.
I feel you, i just never had any idea that this mediocre booze was a big export. You can make alcohol anywhere in the world.I’d be amazed if the old world hadn’t already set up a whole market for that stuff
Bourbon is a regionally protected name, like Champagne or Stilton cheese. There are plenty of distilleries making “bourbon-style whiskey”, but they can’t just call it Bourbon.
We don’t miss Yankee pisswater.
Fair. But we dont even give your cunt tree a second thought unless its for 90 day fiance.
Ah I see you want to party like it’s 1812 again
Well, buddy, the Christmas Beaver sure isn’t going to bring you any maple syrup.
I love beaver, never tried w syrup.
Me later: Honey I want your cakes and beaver…with syrup this time!
We dont claim this one^
Proving the OP right
This seems to part of “making America great” (again).
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
It’ll magically be “Biden’s fault” for all 4 years.
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.
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.
The healthcare would be clever. But why do tariffs not work?
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.
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.
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.
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.
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.
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.
Why should tariffs not work? What else could bring back manufacturing?
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
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.
They’re referring to this: https://www.reddit.com/r/dataisbeautiful/comments/1p1vx9n/oc_nearly_every_day_two_users_on_rconservative/ , there’s no doubt all the billionaires support him and his fascism.
financed an impeachment
Eh?
If the donors want an impeachment, they’ll get one
I agree, but not backed by just US billionaires.
The loyalists in the party base?
Yes. They believe he is working magic, and will do so until they are personally impacted in a major way.
They have tied their personality to him, and as such will not allow any facts to alter their warped perception of reality as that would threaten their ego.
These people live in the Id. The only time the reasoning centers of their brains get a workout is in justifying their continued belief that Orange Man Good, somehow.
Trump probably understands economy, I think he messes around with trade so that him and his buddies can do some inside trading while throwing everyone else under the bus
No, Trump is a dumbass and has no plan. He said “tariffs” once and now he has to go all in on it no matter what because he can’t admit he was ever wrong about anything.
It’s just what it looks like to me, and that is way more evil than simply not understanding economy. Regardless, I agree with you that he’s a dumbass
That is what business is for him. That is what business is for most businessmen. It is an enterprise to ultimately just enrich themselves and their cronies, not to provide a service to many.
People who have been saying ‘we need a businessman, not a politician, for a president’ are either incredibly naive or incredibly evil.
They may have voted for this, but I don’t think anyone deserves this and I derive no joy from people being hurt because they allowed themselves to be misled.
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I love whiskey, but fuck Kentucky. It would take a lot for the morons there to figure out Trump and republicans in general are not helping them. They did elect a Democrat governor at least, so that’s a good sign.
not really, on the dem gov for a number of reasons. 2 of the worst senators are from there, Mitch mcconnel and rand paul.
the only reason the gop even did not resist a DEm campaign there is because the last Republican one screwed over the economy the state so much, they needed a dem to reign in the state, plus he is an easy scapegoat for the gop if things go wrong.
Andy Beshear remains popular and won reelection during the Biden presidency, after being elected during Trump’s first term. And before that, he served a 4-year term as the state’s elected Attorney General. So he’s won 3 state-wide elections in a row during the Trump era (2015, 2019, 2023). His electoral success there isn’t a fluke of any kind of backlash in either direction, but is a reflection of his political skill and popularity in the state.
And his father, Steve Beshear, served four terms in statewide elected office as a Democrat, too.
Understanding local and regional variation in politics is important for understanding how political power can be accumulated and used. And dismissing any Trump voting state as a lost cause is fundamentally ceding power to the fascists. No, we fight for every state, every district, every election cycle, and outside of elections as well.
I guess Kentucky is getting everything they voted for. I’m happy for them.
Very happy that Canadians had a hand in helping this happen.
Edit removed to
Not really, total CDN sales were barely 4% of revenues. Besides, of all the bourbon style whiskeys on the market, Jim Beam was by far the worst. Like drinking industrial solvent.
Did not say a large hand, but you do you.
Sure, let’s “elbows out” on a rounding error and keep electing MAGA Premieres.
Keep telling yourself that Americans aren’t the weirdos of the world LOL.
Canada and the U.S. have since agreed to launch formal discussions to review their trade agreement
I don’t think that’s gonna make a difference anymore. Reverting the 2025 decisions will not revert things. The sentiment has changed among the common people.
Canadian here. I don’t think trade discussions will improve much about the booze sales when the leader/rapist/businessman ruling america with an iron fist waves his pecker in our face and tells us how much he wants to own us. Bathtub gin is my drink of choice now. Who needs quality when you have freedom?
It’s abuser logic. “If I stop hitting you, we’re cool. There’s no problem, anymore. That is until I decide to hit you again.”
That doesn’t work on everyone and eventually someone will hit back harder or gang up and take them down. Unfortunately, people let them get away with it for too long.
Trying that shit on Canada of all people was the dumbest shit imaginable.
Ah, you’ve met the average MAGAt I see.
Yeah, but try explaining to an abusive narcissist that… they have to actually show a real dedication to changing themselves, and making things right.
You basically can’t, because the idea that they could be flawed or mistaken in a fundamental way… well, that’s basically incomprehensible to them, beyond being some kind of insult toward them.
That does seem to be the logic of even people on the left of American politics.
They seem to think that voting for democrats will change anything. Nah, they need to fix their damn stupid political system before anyone will trust them again. Except of course they won’t because of a 250-year-old document who’s authors would be amazed to find has become almost religious dogma.
Yup. It’s something that won’t be fixed for decades. Trump has seriously damaged the ability for the US to do international trade.
Yup. It’s something that won’t be fixed for decades. Trump has seriously damaged
the ability forthe USto do international trade.He went way beyond just trade affairs.
So far Canadians have been smart enough to hold the line. Don’t bend and don’t believe the liars in charge of the US. This administration would gladly invade anyone and subjugate them.
Never 51. Elbows Up, Canada. It’s time to line brawl on the ice.
Canada has got this. They have shifted to trade with more stable countries and had ramped up local distilleries. They are not being mean but rather strategic.
Canadian products are generally superior quality anyways
What Canadian products?
Can’t speak for manufactured products but our food quality is typically on the better side due largely to higher standards and regulations.
https://impact.economist.com/sustainability/project/food-security-index/
That I can definitely agree with. US manufacturing is so crippled by capitalism that the results are squeezed into barely functional pieces of shit. Efficiency for the shareholders is king.
I’m always glad to see when someone like Canada has some pride in their products and not just making the shittiest thing that’ll still sell.
not enough to not go to disney though.
Why the fuck would anyone go to a Disney park at the best of times?
Even if I thought like that, there are other Disney parks in other parts of the world where they don’t arrest you for trying to enter legally.
plus canada can just choose other countries alcohol menu instead.
… also the price of things.
Corporations especially grocers just got a big chance to raise prices … even if the tariffs go away, none of them will bring the prices down again. They’ll just pocket the difference and let everyone pay the new high prices which will stay in place.
what they did during/after covid was shrinkflation/cheapflationed thier products. it was very noticeable in consumables like toileteries/laundry, toothpaste, etc.
The common people have the memories of goldfish and will go back to throwing billions across the border.
