A Second Trump Presidency Could Hurt the American Whiskey Industry

Late last year, the European Union agreed to suspend tariffs on American whiskey until at least 2025. But the U.S. whiskey industry is still gearing up for instability if Donald Trump wins the election next month.

Those in the spirits industry expect Trump to raise tariffs if he becomes president once again, The New York Times reported on Thursday. While Trump is likely to impose taxes in many sectors, whiskey requires a lot of advance planning. As such, those who make the…