Jack Daniel’s parent company says Canada pulling booze off shelves is even worse than tariffs | CNN Business

New York CNN  — 

After Canada pulled American-made spirits off its shelves following President Donald Trump’s implementation of tariffs on Canadian imports, the CEO of Brown-Forman, which makes Jack Daniel’s whiskey and other liquors, blasted the move as “disproportionate.”

“That’s worse than a tariff because it’s literally taking your sales away,” said Lawson Whiting in an earnings call Wednesday, noting the “very disproportionate response” to the 25% tariffs applied this week.

Provinces across Canada have pulled American-made spirits, beer and wine off their shelves. The Liquor Control Board of Ontario said in a statement that

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Peter Navarro defends Trump’s economic policies | CNN Business

GOP lawmaker says Republicans in his district aren't happy with Trump's handling of Russia and Ukraine 02:55 Now playing...

Meta executives called ‘Careless People’ in new book from former Facebook employee-turned-whistleblower | CNN Business

New York CNN  —  Meta is once again facing allegations from a former employee that a growth-at-all-costs culture has...

YouTuber MrBeast Makes More Money From His Side Hustle Than From His YouTube Videos

MrBeast is YouTube's most-followed creator with 372 million subscribers at the time of writing — but he actually makes more money from a side...