President Trump’s recent tariffs are leading to price increases on imported liquors, such as tequila and Canadian whiskeys, with customers expected to see higher prices on their favorite brands. Economic commentator Thomas Fellows warned that retaliatory tariffs could lead to decreased demand and revenue for breweries and wineries.
Canada and China have implemented their own tariffs in response to the US tariffs on their goods. The owner of Trailhead Liquor in Bend, Angela Chisum, expressed concern over potential price hikes on Canadian whiskey and barware from China.
President Trump justified the tariffs by citing national security and the drug crisis. The effects of these tariffs are not limited to liquor stores, as other sectors like automotive shops and grocery stores are also experiencing price hikes on various goods. Central Oregon garage door announced a 5% price increase due to rising supplier costs.
Overall, the tariffs are expected to disproportionately affect lower and middle-class individuals who spend a larger percentage of their income on necessities like food, fuel, and utilities. Though sales have not been impacted yet, Trailhead Liquor warns customers to be prepared for potential price increases and consider how much they are willing to spend on affected products.
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