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[$$] Jack Daniel’s Maker Feels Sting of U.S.-Europe Trade Dispute

The maker of Jack Daniel’s is feeling the sting of U.S. trade disputes and retaliatory tariffs on American whiskeys. Brown-Forman Corp., whose brands include Old Forester and Woodford Reserve bourbon, warned that profits for its current fiscal year would miss its prior forecasts because of the uncertainty and added costs created by recently enacted European tariffs. The European Union in June started imposing 25% tariffs on U.S. whiskey, Harley motorcycles and other goods in response to President Trump’s duties on steel and aluminum imports from the bloc.