Brown-Forman Upped Jack Daniel's Shipments As Trade War Loomed
Jack Daniel's maker Brown-Forman Corp has warned of trouble ahead from tariffs being slapped on U.S. bourbon and said it had been working in recent months to mitigate the potential impact by shipping more liquor overseas.
The spirit and wine maker was thrust into the spotlight last week when Mexico placed a 25 percent tariff on bourbon imports in response to President Trump's imposition of import duties on metals.
The European Union has said it will also respond with levies.
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