Impact of President Trump's Tariffs on American Whiskey Industry
United Refining Company Chairman John Catsimatidis discusses the impact of President Trump's tariffs on oil trade. The trade war between the U.S. and EU threatens American whiskey industry with 50% tariffs. Small distilleries fear price hikes and reduced demand. Uncertainty due to tariffs hurts businesses and local agriculture.
Key Points
- President Trump's tariffs on countries buying oil from Venezuela impact global trade
- EU's threat of 50% tariffs on American whiskey jeopardizes industry growth
- Uncertainty from tariffs hinders small distilleries' expansion and trade relationships