TIME.com – The consequences of the Trump administration’s steel and aluminum tariffs are already being felt across global markets. But the makers of one iconic American product say they stand to suffer more than most: bourbon whiskey distillers.
The European Union said yesterday that it would impose tariffs on U.S. imports in retaliation for new duties of 25 percent on steel and 10 percent on aluminium coming from the E.U., Mexico and Canada. These key allies had initially been exempt from the tariffs, which were applied to other countries in March.
