Much Ado About Tariffs

Dear Client: Last week at the annual Distilled Spirits Council conference in D.C., we heard multiple times that April 2 would be a big day on the tariffs front. Indeed, President Trump dubbed it 'Liberation Day.' So what happened and how did the industry respond? Here's what we know.  Starting on Saturday, a 10% blanket tariff will be imposed on all imports into the US. In addition, about 60 countries with trade deficits (i.e. countries we import more goods from