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Jim Beam shutting down bourbon production at Kentucky distillery for a year as Trump’s trade wars hit sales (www.independent.co.uk)

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

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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.

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[–] plyth@feddit.org -1 points 4 months ago (1 children)

It means that the US has tried to stabilize prices for aluminium for some time.

If there is no ore then autonomy is impossible. But the tariffs will make sure that as much aluminium as possible is recycled.

[–] subtleorbit@sh.itjust.works 3 points 4 months ago (2 children)

Autonomy is impossible, why do you think we have the global supply chain in the first place?

It's abundantly clear that this is not your topic of expertise, tariffs or resource trade. Just quit digging the hole, man.

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

There are global supply chains because it is cheaper. There are unused Bauxit mines in the US. If Trump wants them to be used he has to use the tariffs. There don't seem to be big reserves but in preparation of a war it makes sense. Sourcing it from Australia could be intercepted.

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

There is also the current Greenland issue:

https://maritime-executive.com/article/greenland-approves-european-backed-mine-on-remote-west-coast

consortium for extracting anorthosite, a silicate mineral used for making aluminum

The US is planning on having their own raw materials.