Jack Daniel's Parent Not Anticipating Boost From Trump's Scotch Tariffs
The chief executive of Brown-Forman, Lawson Whiting, has expressed doubts over whether a 25% tariff placed by the Trump administration on single malt Scotch whisky exports to the US will have a positive effect on the company's brands, which include Jack Daniel's.
"Well, it's only single malt scotch, it's not blended. [...] Blended is obviously a much bigger category than single malt," Whiting told an analyst conference call following the publication of Brown-Forman's second quarter results.
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