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U.S. spirit exports plunge amid trade tensions
Youtube· 2025-10-06 16:56
Core Insights - American liquor exports experienced a 9% decline in the second quarter due to trade tensions affecting major markets [1] - The most significant drop was observed in Canada, where exports plummeted by 85%, despite the lifting of retaliatory tariffs [2] - Shipments to the UK and Japan also saw declines of over 23% each, while sales to the EU dropped by 12% [2][3] - These regions collectively account for 70% of the US liquor export market [3] - The whiskey sector is particularly impacted, with distillers facing record high inventories that have tripled since 2012, while domestic sales are stagnating [4] - The industry is calling for adjustments to trade policies to eliminate trade barriers, emphasizing the need for a zero-for-zero tariff environment [3] Industry Performance - The performance of the sector will be further evaluated with the upcoming earnings report from Constellation Brands [5]
U.S. spirit exports plunge amid trade tensions
CNBC Television· 2025-10-06 15:56
Back. New report from the Distilled Spirits Council of the US showing American liquor exports fell 9% in the second quarter of the year as trade tensions put pressure on some of the industry's biggest markets. Our Brandon Gomez breaks down the data.Brandon, I do wonder how much is tariff related and how much is just we're not drinking as much. Hey Sarah, yeah, that definitely comes into play as well in some of the data. It's look a hangover abroad for US spirits.The steepest drop we did see was in Canada wh ...
5 HOBBIES That Will Make You RICH 💰
Mark Tilbury· 2025-09-27 10:28
Investment Opportunities - Engaging in golf can lead to million-dollar deals [1] - Skiing, despite the cost of lift passes, offers valuable connections [1] - Watch collecting can help individuals get noticed [1] - Tennis membership provides access to exclusive networks [1] - Wine tasting and whiskey appreciation can be beneficial [1]
Ontario's premier pours out bottle of Crown Royal in protest
CNBC Television· 2025-09-03 20:02
Did you see this wild video out of Canada. >> You guys are about as dumb as a bag of hammers for doing this. So, you know something.I found a bottle and I don't even drink of crown oil, right. I see that crown oil. I saw it at home.So, this is what I think about crown oil. That's what they could do. And I think everyone else should do the same thing.You know something. I got to make this even come out quicker because it's not coming out. That is Ontario's premier Doug Ford dumping a bottle of Crown Royal, w ...
