Unexpected vice industry is an early tariff winner

Contributing sentiments towards policy:

58% : " The EU and UK imposed retaliatory tariffs on U.S. spirits and whiskey imports the first time around, leading to global export declines of 12% and 18%, respectively, between 2018 and 2021.
53% : American whiskey exports to the EU, the world's largest import market, dropped 20% from $552 million to $439 million.
50% : After meeting with industry lobbyists over the past few weeks, President Trump is planning to exempt car parts from the 145% tariffs the U.S. currently has on China, the Financial Times reported.
46% : Despite electronics and auto parts being a sharp pain point for China, Trump has softened his position after heavy lobbying from both industries.
42% : "U.S. spirits exports hit a new high in 2024, recapturing lost market share since the UK and EU lifted retaliatory tariffs that were applied between 2018 and 2021 in connection with two trade disputes," said DISCUS President and CEO Chris Swonger. "Unfortunately, ongoing trade disputes unrelated to our sector have caused uncertainty, keeping many U.S. distillers on the sidelines and curtailing sales growth.
33% : The EU apparently was concerned that the whiskey tariffs President Joe Biden suspended in 2022 would return under President Trump.
25% : However, the wild swings seem a little overblown, especially since Trump has telegraphed his plans to start this trade war for months.

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