A recent report from the Distilled Spirits Council of the U.S. reveals a 9% decline in American liquor exports during the second quarter, largely attributed to ongoing trade tensions.

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

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A recent report from the Distilled Spirits Council of the U.S. reveals a 9% decline in American liquor exports during the second quarter, largely attributed to ongoing trade tensions. The most significant drop occurred in Canada, where exports fell by 85%, despite the removal of retaliatory tariffs, as many provinces still restrict U.S. spirits from store shelves. Exports to the U.K. and Japan each decreased by over 23%, and sales to the European Union dropped by 12%. These regions collectively account for 70% of U.S. spirit exports. Industry leaders are calling for changes to trade policy, highlighting the importance of exports as domestic sales stall and inventories reach record highs.

U.S. spirit exports plunge amid trade tensions

Back, new report from the Distilled Spirits Council of the U.S. showing American liquor exports fell 9% in the second quarter of the year as trade tensions put pressure on some of the industry's biggest markets. Our Brandon Gomez breaks down the data. Brandon, I do wonder how much is tariff related and how much is just we're not drinking as much. Hey Sarah, yeah that definitely comes into play as well in some of the data. It's, look, a hangover abroad for U.S. spirits. The steepest drop we did see was in Canada, where exports plunged 85%. Now that's despite Canada lifting retaliatory tariffs because most provinces still won't allow U.S. spirits on shelves. Now shipments to the U.K. and Japan each fell more than 23%, sales to the EU dropped 12%, and those three regions combined make up 70% of the exports market. Discus CEO Chris Swanger calling for an adjustment to trade policy here. We're an industry that's intertwined together and we succeed together in a trading environment that wipes away trade barriers and we're operating in a zero for zero tariff environment. Whiskey, the best example to see the impact here, distillers sitting on record high inventories right now that have tripled since 2012 and at the same time, as you pointed out, domestic sales are stalling, which makes exports crucial to survival. But with international increasingly choosing local labels, it's a recipe for disaster for companies like Brown Forman and Diageo. We'll hear from Constellation Brands after the bell today as our first look into the sector's performance last quarter. We'll look forward to that later. Thank you, Brandon.

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U.S. spirit exports plunge amid trade tensions

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