President Trump's 25% tariffs on Canada and Mexico went into effect this week, disrupting industries, companies and consumers. Here's the impact on Kentucky.
On March 5, President Trump suspended tariffs on imports from Mexico and Canada. The move came as liquor companies in Kentucky and nationwide braced for theimpact from retaliatory maneuvers from neighboring countries after export tariffs took effect earlier this week.
"The tariffs right now are going to affect us, but farmers are resilient and they plan for this," Bruce Langley, with Langley Farms, said.
Canadian provinces have restricted American alcohol sales as part of retaliatory measures against President Trump’s tariffs.
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WAVE Louisville on MSNBourbon industry reacts to trade war with Canada, it’s biggest customerForman’s third quarter earnings call Wednesday, CEO Lawson Whiting called Canada’s response to a 25% tariff, “disproportionate.”
Governor Andy Beshear is asking Canadian leaders to reconsider tariffs on Kentucky goods, particularly the state's signature spirit.
“Look at Martinrea, on the auto industry, this is a Canadian company where parts go from Canada to Hopkinsville, Kentucky, to Mexico, and back. If these tariffs are ultimately put on the auto industry, and a company like that, it’s gonna hurt exports. It’s gonna hurt our economy,” said Governor Beshear.
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