Trump’s ‘trade war’ affecting some local beverage businesses
AUSTIN (KXAN) – Tariffs and threats of tariffs are affecting businesses across the U.S. including in Austin.
Last week, the Trump administration threatened to put a 200% tariff on alcohol coming from Europe in response to a European Union proposal to put a 50% tariff on America-made whiskey. This tariff threat follows a 25% tariff President Donald Trump put on aluminum and steel imports from Canada.
“It’s frustrating,” said Ross McLauchlan, CEO of the Austin Winery. “What...