4.9 • 593 Ratings
🗓️ 28 August 2025
⏱️ 10 minutes
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0:00.0 | Donald's tariffs continue to hurt the U.S. economy and alienate countries around the world, |
0:05.7 | including our allies, but his tariff games aren't quite going as he planned, with continuing |
0:11.5 | unexpected consequences. Many countries have implemented retaliatory tariffs of their own, |
0:17.0 | and their citizens have protested Americans' betrayal by boycotting U.S. goods, |
0:22.5 | services, and travel. When it comes to putting their money where their mouths are, Canadians |
0:27.3 | are leading the way. American alcohol distributors and distilleries are taking a particularly |
0:32.9 | hard hit. Last week, CNBC spoke to Joe Malioco, president of Michter's Distillery and Chatham |
0:40.4 | imports, who had this to say about Canada's current attitude about American produced alcohol. |
0:47.9 | The big problem for a lot of producers, basically, is Canada. And, you know, you use the word boycott. It really isn't a |
0:57.4 | boycott. It's not a consumer boycott in Canada. It's a ban. It's a governmental ban in eight of the |
1:02.7 | provinces, including, you know, really populous, really big ones like Quebec, like British Columbia, |
1:08.5 | like Ontario. So eight provinces banned American alcohol |
1:12.3 | and moved it from the shelves. Things are changing a little bit up there. Two of the provinces, |
1:17.7 | Alberta and Saskatchewan are now open to having American liquor sales, but that's going to be |
1:24.6 | with a 25% tariff, which is pretty hefty. |
1:27.6 | For example, in Saskatchewan, a bottle of our entry-level U.S.1 Bourbon, |
1:32.9 | mixed U.S.1 Bourbon, is going to go from $108 to $133. |
1:36.9 | That's a $25 Canadian increase all at once. |
1:41.2 | So I can't imagine this not going to affect volume. |
1:44.6 | That doesn't seem like a particularly efficient way to put America first by making it impossible for American businesses to sell their goods in other countries. |
1:54.5 | But apparently, Donald either doesn't care or doesn't actually know the impact his insane economic policies |
2:03.1 | are having on American businesses. |
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