Tariffs will cost the liquor industry over $2 billion in sales
Tariffs and global trade disputes threaten the long-term growth of the U.S. liquor industry.
Liquor sales have fallen since peaking during the Covid pandemic. Economic uncertainty and persistent inflation have led consumers to reduce their spending, and now tariffs have become yet another challenge looming over the liquor industry.
Since the Trump administration announced increased tariffs on all foreign-made goods imported into the U.S., a global retaliation battle has emerged.
