China, Mexico, Canada, and the European Union have collectively agreed to impose tariffs on America's beloved bourbon.
Is this in response to the recent steel and aluminum tariffs President Donald Trump recently implemented?
Trump has made it clear that his administration’s trade policies will reflect his “America First” campaign.
Trump has threatened to end or at least renegotiate multiple trade agreements, including the North American Free Trade Agreement with Canada and Mexico and the U.S.-South Korea free-trade agreement.
The steel and aluminum order introduced a 25% tariff on steel products and 10% on aluminum goods. Trump said, like he has in the past, that Canada and Mexico could remain exempt if a “new and fair” North American Free Trade Agreement (Nafta) is signed.
The China, Mexico, Canada, and the European Union are making their next move in the trade negotiations by slapping tariffs on bourbon.Read More