In early March, President Donald Trump levied import tariffs of 25% on goods from Canada and Mexico, following through on a promise he made back in November 2024. While he later partially reversed course, suspending tariffs on some goods, tensions remain high. Mexico is largely holding off on retaliation, but Canada quickly fired back with countertariffs on billions of dollars’ worth of U.S. products.
These trade tensions spell trouble for numerous industries, including the booming spirits market. Canada and Mexico — two of the top U.S. trading partners — accounted for nearly half of the $12 billion in distilled spirits the U.S. imported in 2024.
Professor of Agriculture and Resource Economics Andrew Muhammad analyzed how tariffs could affect the distilled spirits industry. Read about his findings at The Conversation.
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