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Jim Beam halts production at main distillery for a year

51 points by geox 11mo ago

deleted 11mo ago
[deleted]
camel_gopher 11mo ago
Tariffic
- b3ing 11mo ago
  I think the boycotts did more of the damage, money is the only thing people listen to
shagie 10mo ago
This isn’t just a “things are bad” but because of the need to age spirits a prediction that N years from now, demand will still be lower. Canada is a big factor, though one shouldn’t ignore the upcoming generation’s preference for recreational intoxication from sources other than alcohol.
- wkat4242 10mo ago
  True. I party a lot and i notice a lot of especially GenZ and millennial have a strong preference to other substances. Not stuff like coke but mdma and designer stuff. Only last weekend I was complaining about hangovers and this girl offered me some MDMA saying she uses it precisely to avoid hangovers and also expensive beverages in the club. Makes sense but for me as a GenXer it's still a pretty big leap to take. I'll just stick with my craft beer.
  - defrost 10mo ago
    > Makes sense but for me as a GenXer it's still a pretty big leap to take. That was a double take .. having lived through the 80's and 90s I'm somewhat suprised there is any MDMA left to consume in the world. It was GenX'rs that gave us: A great philosopher once wrote: naughty, naughty, very naughty… https://www.youtube.com/watch?v=pKBPUwKJmDM https://www.youtube.com/watch?v=pKBPUwKJmDM and Spaced: https://www.youtube.com/watch?v=qRW8FBFwhyc https://www.youtube.com/watch?v=qRW8FBFwhyc To quote a peer GenX'r Dramatically ambiguous I know, but we are on a lot of drugs - https://www.youtube.com/watch?v=xT2iP5Si-Ho https://www.youtube.com/watch?v=xT2iP5Si-Ho
    - GaProgMan 10mo ago
      I was not expecting both Spaced and Jim "Mr.B the Gentleman Rhymer" Burke to be mentioned in the same comment on a HN thread. Good show indeed.
      - defrost 10mo ago
        The Banjolele is such a criminally underated instrument. 'Tis a great pity he has never double billed or collaborated with The Kransky Sisters. * https://www.youtube.com/watch?v=C1Z6b0q-JWo https://www.youtube.com/watch?v=C1Z6b0q-JWo
    - wkat4242 10mo ago
      Ah yes it depends on the country and subculture I guess. Where I'm from it was super normal to drink even at 16 but drugs were a big taboo.
      - defrost 10mo ago
        FwiW and despite whatever impression you may have gleaned from my comment I wasn't particularly into either drugs or alcohol myself, but I certainly saw a lot of both consumed .. and to be fair it's something a lot of people dive into in their late teens and early twenties and then most drastically cut back or stop altogether. The Spaced scene I linked is infamous for many people noting it as one the best depictions of a MDMA rave party ever filmed and Edgar Wright and cast members asserting it was shot in the middle of the day and no one was drunk or on drugs. That .. may or may not be true or overstated - I know I wasn't there at the time so I can't claim knowledge either way.
    - metalman 10mo ago
      too much of everything, is just enough. right.
- NedF 10mo ago
  > Canada is a big factor Total utter bullshit. What are your figures as a percentage of total production of Jim Beam goes to Canada? Or do you just say random garbage like an early LLM? The US's multiyear slump is enough to 'justify' the temporary stoppage, along with if 'no one is being fired' why is production expected to greatly be reduced? This is a rubbish BBC article with rubbish Hacker News comments.
  - shagie 10mo ago
    > What are your figures as a percentage of total production of Jim Beam goes to Canada? I don't have Jim Beam specifically... but: US spirits exports to Canada plummet 85% in Q2 - https://www.thespiritsbusiness.com/2025/10/us-spirits-exports-plummet-85-to-canada-in-q2/ https://www.thespiritsbusiness.com/2025/10/us-spirits-export... > Q2 exports of US spirits to Canada plummeted by 85% to US$9.6m, falling below the US$10m mark for the first time, according to the report. > US spirits sales in Canada plunged by 68% in April 2025, while sales of Canadian and other imported spirits rose by around 3.6% each. > Canada is a hugely important market for US spirits. In 2024, Canada imported US$221m worth of US spirits, making it the category’s second‐largest export market behind the EU. Trade War Fallout: The Collapse of U.S. Spirit Exports to Canada in 2025 - https://southernagtoday.org/2025/12/18/trade-war-fallout-the-collapse-of-u-s-spirit-exports-to-canada-in-2025/ https://southernagtoday.org/2025/12/18/trade-war-fallout-the... > In 2025, U.S. spirit exports to Canada collapsed as a direct consequence of escalating trade tensions, marking one of the sharpest declines in cross-border alcohol trade in recent history. Prior to 2025, Canada accounted for about 11% of U.S. distilled spirit exports. Between 2022 and 2024, Canadian imports exceeded $250 million annually, making Canada the second-largest market for American whiskey, bourbon, rum, and other distilled spirits (USDA, 2025). In March 2025, Canada effectively halted imports and sales of U.S. wine and spirits in retaliation for tariffs imposed by President Trump on Canadian goods. Provincial liquor boards removed American products from shelves, triggering a dramatic plunge in U.S. spirit exports (DISCUS, 2025). Canada also imposed a 25% retaliatory tariff on U.S. distilled spirits and other products in March 2025, which was lifted in September (Government of Canada, 2025). However, the impact far exceeded what would be expected from a 25% tariff alone, underscoring the severity of the trade dispute. https://www.statista.com/statistics/557788/whisky-dollar-sales-by-product-type/?srsltid=AfmBOoqrCst-eMOks3uYsDi_sRMOM65gXm6bsFsaYbcVNqnBcb0Cvle8 https://www.statista.com/statistics/557788/whisky-dollar-sal... has historical "how much is imported" - though not brand specific. https://wits.worldbank.org/trade/comtrade/en/country/CAN/year/2020/tradeflow/Imports/partner/ALL/product/220830 https://wits.worldbank.org/trade/comtrade/en/country/CAN/yea... Has one year and United States is the 2nd after United Kingdom for amount of whiskey imported into Canada. Combine that with the earlier "Q2 exports of US spirits to Canada plummeted by 85% to US$9.6m, falling below the US$10m mark for the first time, according to the report." --- > The US's multiyear slump is enough to 'justify' the temporary stoppage, along with if 'no one is being fired' why is production expected to greatly be reduced? There's also that Kentucky taxes aging bourbon. https://kybourbon.com/industry-news/the-bourbon-state-challenges-continue-amid-record-barrel-inventory-skyrocketing-taxes/ https://kybourbon.com/industry-news/the-bourbon-state-challe... > Kentucky distillers are footing a crushing $75 million tab in aging barrel taxes this year, a 27% increase from 2024 and an astronomical 163% increase over the last five years alone. Kentucky remains the only place in the world that taxes aging barrels of spirits. > Barrel taxes are based on the assessed value of aging barrels which surged to $10 billion this year, a 25% increase over last year’s record of $8 billion. In addition to the 16.1 million barrels of Bourbon, a million barrels of other spirits are aging for a total of 17.1 million barrels. And part of that is that they overproduced in the earlier part of this decade compared to what they need... take into account that bit about aging barrels are taxed. --- Combine all of that with "Gen Z is not drinking as much" ( https://www.ohbev.com/blog/gen-z-alcohol-trends-consumption-and-marketing https://www.ohbev.com/blog/gen-z-alcohol-trends-consumption-... https://time.com/7203140/gen-z-drinking-less-alcohol/ https://time.com/7203140/gen-z-drinking-less-alcohol/ ) and Jim Beam is predicting reduced demand over the next 5 years for their products. Lets call that "the amount you can make in 1 year is 20% a year over 5 years..." https://www.nytimes.com/2025/12/22/dining/jim-beam-production-pause-whiskey-bourbon.html?unlocked_article_code=1.-08.aOp7.Y1i5zQVZE2Pe&smid=url-share https://www.nytimes.com/2025/12/22/dining/jim-beam-productio... > The situation will likely get worse as 2025 draws to a close: At the end of October MGP Ingredients, which distills whiskey on contract for other brands, reported a 19 percent drop in sales for the third quarter. --- > ... along with if 'no one is being fired' ... From the NYT article: > It also said it would continue production at its two other distilleries in Kentucky and would keep its bottling facility and visitor center open at the Clermont site. It did not say whether the workers at the distillery would be furloughed or moved to other facilities. The wording is furlough. That's not firing. The positions aren't being eliminated nor is the person's employment being terminated ... but there is no work for them to do at that location. It's also important to note that this is following overproduction from the earlier part of this decade. Again from the NYT article: > The sudden, steep decline in bourbon sales comes after more than 20 years of expansion in American whiskey, which regularly reached 5 percent in annual growth. It went from about $1.4 billion in sales in 2004 to about $5.2 billion in 2024, according to data from the Distilled Spirits Council of the United States, a trade group. > American whiskey proved especially popular during the pandemic. Consumers stuck at home with spare cash and time fueled an explosion in collecting and buying bottles through auctions and online via informal (and often illegal) markets. > In response, distilleries boosted production, putting aside millions of barrels to age, announcing multimillion-dollar expansions and flooding the market with new products. Today there are an estimated 16.1 million barrels of whiskey aging across Kentucky. A standard barrel holds 53 gallons, though a significant amount is lost to evaporation during aging. Specifically for Jim Beam that can be seen in Jim Beam invests $400M to ramp up bourbon production (from 2022) - https://www.foxbusiness.com/lifestyle/jim-beam-invests-400m-ramp-up-bourbon-production https://www.foxbusiness.com/lifestyle/jim-beam-invests-400m-... > With a 50% increase in production of bourbon comes a 50% in used oak barrels which, in time, will help satiate the growing demand for all whiskey including Scotch.
sublinear 10mo ago
Alcohol is not declining in popularity and the tariffs are specifically affecting foreign-owned and export-heavy businesses. I am often confused how HN can to be so out of touch, but probably shouldn't be since many never read the articles and just keep relentlessly pushing their agenda as if saying anything this space has any influence beyond tech.
- nolok 10mo ago
  This is such a weird comment, the article is posted without commentary, and describe a very simple fact. How does you go from that to "hn is out of touch"... As an aside, while alcohol will definitely remain a staple of sales, it's declining in several key sector. Even here in France. Which is also something we should be happy about, despite the obvious economic woes to be faced from that change.
  - stonogo 10mo ago
    But demand isn't really dropping for spirits -- it's only dropping for midrange and low-end stuff like Jim Beam.
    - zbentley 10mo ago
      > midrange and low-end stuff Which is the vast majority of spirits consumed (by unit volume and total revenue earned), no? Like, if high-end stuff is all that sells while the consumer base is plummeting over the statistical cliff of earning power and spending money reduction, that doesn’t add up to good prospects for luxury industries like that of high-end alcohol.
      - notKilgoreTrout 10mo ago
        The numbers look really odd with scotch and bourbon being down but the whiskey industry itself being slightly up. I'd guess more people are drinking local brands with no tariffs. That makes a down affect for the countries that were exporting.
- 10mo ago
notKilgoreTrout 10mo ago
Sorry but 1000 jobs sounds tiny to me.. Probably more people die jim beam related deaths or at least have major related health issues in any given year.
- notKilgoreTrout 10mo ago
  Pretty funny stuff. The democrats want to be angry about any job loss and the Republicans especially love the negative externality businesses so no one wants to consider the weight of the good in ruining Jim Beam? I personally think Trump has a lot more in common with Maduro than he would like to advertise. He was essentially from the social left but realized the right is more gullible.
dnemmers 10mo ago
Keep in mind, the barrels where the liquor is stored, are not airtight, and results in annual losses. Holding is actually losing in this case. https://edvigo.com/food-and-drink/jim-beam-pausing-distillery-production/ https://edvigo.com/food-and-drink/jim-beam-pausing-distiller...
jprd 10mo ago
Look, when Britain taxed our tea, we got frisky Imagine what gon’ happen when you try to tax our whisky
- shagie 10mo ago
  The first tax in the United States was in 1791... https://en.wikipedia.org/wiki/Tariff_of_1791 https://en.wikipedia.org/wiki/Tariff_of_1791 > Tariff of 1791 or Excise Whiskey Tax of 1791 was a United States statute establishing a taxation policy to further reduce Colonial America public debt as assumed by the residuals of American Revolution. The Act of Congress imposed duties or tariffs on domestic and imported distilled spirits generating government revenue while fortifying the Federalist Era. https://history.house.gov/Historical-Highlights/1700s/The-1791-Excise-Whiskey-Tax/ https://history.house.gov/Historical-Highlights/1700s/The-17... > After a spirited debate, the House passed, by a 35 to 21 majority, the Excise Whiskey Tax—legislation that proved wildly unpopular with farmers and eventually precipitated the “Whisky Rebellion.” The measure levied a federal tax on domestic and imported alcohol, earmarked to offset a portion of the federal government’s recent assumption of state debts. Southern and western farmers, whose grain crop was a chief ingredient in whiskey, loudly protested the tax. In 1794, farmers in western Pennsylvania attacked federal officials seeking to collect tax on the grain they had distilled into whiskey. The administration of President George Washington dispatched a force of nearly 13,000 militia to put down a feared revolt. Resistance, however, dissipated when the troops arrived. https://en.wikipedia.org/wiki/Whiskey_Rebellion https://en.wikipedia.org/wiki/Whiskey_Rebellion > The Whiskey Rebellion (also known as the Whiskey Insurrection) was a violent tax protest in the United States beginning in 1791 and ending in 1794 during the presidency of George Washington. The so-called "whiskey tax" was the first tax imposed on a domestic product by the newly formed federal government. The "whiskey tax" became law in 1791, and was intended to generate revenue to pay the war debt incurred during the American Revolutionary War. ---- And today... https://www.distillerytrail.com/blog/kentucky-gov-signs-hb5-into-law-eliminating-bourbon-barrel-tax-over-20-years/ https://www.distillerytrail.com/blog/kentucky-gov-signs-hb5-... > Kentucky, home to 95% of the world’s bourbon inventory, is the only state in the nation that charges a tax on aging bourbon barrels but that is about to change. Kentucky distillers paid a record $33 million in 2021, more than triple the $10.7 million paid in 2009. That $33 million is projected to more than double in the next six to seven years as bourbon barrel inventory is expected to swell as production increases.

51 points by geox 11mo ago

deleted 11mo ago

[deleted]

camel_gopher 11mo ago

Tariffic

b3ing 11mo ago
I think the boycotts did more of the damage, money is the only thing people listen to

shagie 10mo ago

This isn’t just a “things are bad” but because of the need to age spirits a prediction that N years from now, demand will still be lower. Canada is a big factor, though one shouldn’t ignore the upcoming generation’s preference for recreational intoxication from sources other than alcohol.

wkat4242 10mo ago
True. I party a lot and i notice a lot of especially GenZ and millennial have a strong preference to other substances. Not stuff like coke but mdma and designer stuff. Only last weekend I was complaining about hangovers and this girl offered me some MDMA saying she uses it precisely to avoid hangovers and also expensive beverages in the club. Makes sense but for me as a GenXer it's still a pretty big leap to take. I'll just stick with my craft beer.
- defrost 10mo ago
  > Makes sense but for me as a GenXer it's still a pretty big leap to take. That was a double take .. having lived through the 80's and 90s I'm somewhat suprised there is any MDMA left to consume in the world. It was GenX'rs that gave us: A great philosopher once wrote: naughty, naughty, very naughty… https://www.youtube.com/watch?v=pKBPUwKJmDM https://www.youtube.com/watch?v=pKBPUwKJmDM and Spaced: https://www.youtube.com/watch?v=qRW8FBFwhyc https://www.youtube.com/watch?v=qRW8FBFwhyc To quote a peer GenX'r Dramatically ambiguous I know, but we are on a lot of drugs - https://www.youtube.com/watch?v=xT2iP5Si-Ho https://www.youtube.com/watch?v=xT2iP5Si-Ho
  - GaProgMan 10mo ago
    I was not expecting both Spaced and Jim "Mr.B the Gentleman Rhymer" Burke to be mentioned in the same comment on a HN thread. Good show indeed.
    - defrost 10mo ago
      The Banjolele is such a criminally underated instrument. 'Tis a great pity he has never double billed or collaborated with The Kransky Sisters. * https://www.youtube.com/watch?v=C1Z6b0q-JWo https://www.youtube.com/watch?v=C1Z6b0q-JWo
  - wkat4242 10mo ago
    Ah yes it depends on the country and subculture I guess. Where I'm from it was super normal to drink even at 16 but drugs were a big taboo.
    - defrost 10mo ago
      FwiW and despite whatever impression you may have gleaned from my comment I wasn't particularly into either drugs or alcohol myself, but I certainly saw a lot of both consumed .. and to be fair it's something a lot of people dive into in their late teens and early twenties and then most drastically cut back or stop altogether. The Spaced scene I linked is infamous for many people noting it as one the best depictions of a MDMA rave party ever filmed and Edgar Wright and cast members asserting it was shot in the middle of the day and no one was drunk or on drugs. That .. may or may not be true or overstated - I know I wasn't there at the time so I can't claim knowledge either way.
  - metalman 10mo ago
    too much of everything, is just enough. right.
NedF 10mo ago
> Canada is a big factor Total utter bullshit. What are your figures as a percentage of total production of Jim Beam goes to Canada? Or do you just say random garbage like an early LLM? The US's multiyear slump is enough to 'justify' the temporary stoppage, along with if 'no one is being fired' why is production expected to greatly be reduced? This is a rubbish BBC article with rubbish Hacker News comments.
- shagie 10mo ago
  > What are your figures as a percentage of total production of Jim Beam goes to Canada? I don't have Jim Beam specifically... but: US spirits exports to Canada plummet 85% in Q2 - https://www.thespiritsbusiness.com/2025/10/us-spirits-exports-plummet-85-to-canada-in-q2/ https://www.thespiritsbusiness.com/2025/10/us-spirits-export... > Q2 exports of US spirits to Canada plummeted by 85% to US$9.6m, falling below the US$10m mark for the first time, according to the report. > US spirits sales in Canada plunged by 68% in April 2025, while sales of Canadian and other imported spirits rose by around 3.6% each. > Canada is a hugely important market for US spirits. In 2024, Canada imported US$221m worth of US spirits, making it the category’s second‐largest export market behind the EU. Trade War Fallout: The Collapse of U.S. Spirit Exports to Canada in 2025 - https://southernagtoday.org/2025/12/18/trade-war-fallout-the-collapse-of-u-s-spirit-exports-to-canada-in-2025/ https://southernagtoday.org/2025/12/18/trade-war-fallout-the... > In 2025, U.S. spirit exports to Canada collapsed as a direct consequence of escalating trade tensions, marking one of the sharpest declines in cross-border alcohol trade in recent history. Prior to 2025, Canada accounted for about 11% of U.S. distilled spirit exports. Between 2022 and 2024, Canadian imports exceeded $250 million annually, making Canada the second-largest market for American whiskey, bourbon, rum, and other distilled spirits (USDA, 2025). In March 2025, Canada effectively halted imports and sales of U.S. wine and spirits in retaliation for tariffs imposed by President Trump on Canadian goods. Provincial liquor boards removed American products from shelves, triggering a dramatic plunge in U.S. spirit exports (DISCUS, 2025). Canada also imposed a 25% retaliatory tariff on U.S. distilled spirits and other products in March 2025, which was lifted in September (Government of Canada, 2025). However, the impact far exceeded what would be expected from a 25% tariff alone, underscoring the severity of the trade dispute. https://www.statista.com/statistics/557788/whisky-dollar-sales-by-product-type/?srsltid=AfmBOoqrCst-eMOks3uYsDi_sRMOM65gXm6bsFsaYbcVNqnBcb0Cvle8 https://www.statista.com/statistics/557788/whisky-dollar-sal... has historical "how much is imported" - though not brand specific. https://wits.worldbank.org/trade/comtrade/en/country/CAN/year/2020/tradeflow/Imports/partner/ALL/product/220830 https://wits.worldbank.org/trade/comtrade/en/country/CAN/yea... Has one year and United States is the 2nd after United Kingdom for amount of whiskey imported into Canada. Combine that with the earlier "Q2 exports of US spirits to Canada plummeted by 85% to US$9.6m, falling below the US$10m mark for the first time, according to the report." --- > The US's multiyear slump is enough to 'justify' the temporary stoppage, along with if 'no one is being fired' why is production expected to greatly be reduced? There's also that Kentucky taxes aging bourbon. https://kybourbon.com/industry-news/the-bourbon-state-challenges-continue-amid-record-barrel-inventory-skyrocketing-taxes/ https://kybourbon.com/industry-news/the-bourbon-state-challe... > Kentucky distillers are footing a crushing $75 million tab in aging barrel taxes this year, a 27% increase from 2024 and an astronomical 163% increase over the last five years alone. Kentucky remains the only place in the world that taxes aging barrels of spirits. > Barrel taxes are based on the assessed value of aging barrels which surged to $10 billion this year, a 25% increase over last year’s record of $8 billion. In addition to the 16.1 million barrels of Bourbon, a million barrels of other spirits are aging for a total of 17.1 million barrels. And part of that is that they overproduced in the earlier part of this decade compared to what they need... take into account that bit about aging barrels are taxed. --- Combine all of that with "Gen Z is not drinking as much" ( https://www.ohbev.com/blog/gen-z-alcohol-trends-consumption-and-marketing https://www.ohbev.com/blog/gen-z-alcohol-trends-consumption-... https://time.com/7203140/gen-z-drinking-less-alcohol/ https://time.com/7203140/gen-z-drinking-less-alcohol/ ) and Jim Beam is predicting reduced demand over the next 5 years for their products. Lets call that "the amount you can make in 1 year is 20% a year over 5 years..." https://www.nytimes.com/2025/12/22/dining/jim-beam-production-pause-whiskey-bourbon.html?unlocked_article_code=1.-08.aOp7.Y1i5zQVZE2Pe&smid=url-share https://www.nytimes.com/2025/12/22/dining/jim-beam-productio... > The situation will likely get worse as 2025 draws to a close: At the end of October MGP Ingredients, which distills whiskey on contract for other brands, reported a 19 percent drop in sales for the third quarter. --- > ... along with if 'no one is being fired' ... From the NYT article: > It also said it would continue production at its two other distilleries in Kentucky and would keep its bottling facility and visitor center open at the Clermont site. It did not say whether the workers at the distillery would be furloughed or moved to other facilities. The wording is furlough. That's not firing. The positions aren't being eliminated nor is the person's employment being terminated ... but there is no work for them to do at that location. It's also important to note that this is following overproduction from the earlier part of this decade. Again from the NYT article: > The sudden, steep decline in bourbon sales comes after more than 20 years of expansion in American whiskey, which regularly reached 5 percent in annual growth. It went from about $1.4 billion in sales in 2004 to about $5.2 billion in 2024, according to data from the Distilled Spirits Council of the United States, a trade group. > American whiskey proved especially popular during the pandemic. Consumers stuck at home with spare cash and time fueled an explosion in collecting and buying bottles through auctions and online via informal (and often illegal) markets. > In response, distilleries boosted production, putting aside millions of barrels to age, announcing multimillion-dollar expansions and flooding the market with new products. Today there are an estimated 16.1 million barrels of whiskey aging across Kentucky. A standard barrel holds 53 gallons, though a significant amount is lost to evaporation during aging. Specifically for Jim Beam that can be seen in Jim Beam invests $400M to ramp up bourbon production (from 2022) - https://www.foxbusiness.com/lifestyle/jim-beam-invests-400m-ramp-up-bourbon-production https://www.foxbusiness.com/lifestyle/jim-beam-invests-400m-... > With a 50% increase in production of bourbon comes a 50% in used oak barrels which, in time, will help satiate the growing demand for all whiskey including Scotch.

sublinear 10mo ago

Alcohol is not declining in popularity and the tariffs are specifically affecting foreign-owned and export-heavy businesses. I am often confused how HN can to be so out of touch, but probably shouldn't be since many never read the articles and just keep relentlessly pushing their agenda as if saying anything this space has any influence beyond tech.

nolok 10mo ago
This is such a weird comment, the article is posted without commentary, and describe a very simple fact. How does you go from that to "hn is out of touch"... As an aside, while alcohol will definitely remain a staple of sales, it's declining in several key sector. Even here in France. Which is also something we should be happy about, despite the obvious economic woes to be faced from that change.
- stonogo 10mo ago
  But demand isn't really dropping for spirits -- it's only dropping for midrange and low-end stuff like Jim Beam.
  - zbentley 10mo ago
    > midrange and low-end stuff Which is the vast majority of spirits consumed (by unit volume and total revenue earned), no? Like, if high-end stuff is all that sells while the consumer base is plummeting over the statistical cliff of earning power and spending money reduction, that doesn’t add up to good prospects for luxury industries like that of high-end alcohol.
    - notKilgoreTrout 10mo ago
      The numbers look really odd with scotch and bourbon being down but the whiskey industry itself being slightly up. I'd guess more people are drinking local brands with no tariffs. That makes a down affect for the countries that were exporting.
10mo ago

notKilgoreTrout 10mo ago

Sorry but 1000 jobs sounds tiny to me.. Probably more people die jim beam related deaths or at least have major related health issues in any given year.

notKilgoreTrout 10mo ago
Pretty funny stuff. The democrats want to be angry about any job loss and the Republicans especially love the negative externality businesses so no one wants to consider the weight of the good in ruining Jim Beam? I personally think Trump has a lot more in common with Maduro than he would like to advertise. He was essentially from the social left but realized the right is more gullible.

dnemmers 10mo ago

Keep in mind, the barrels where the liquor is stored, are not airtight, and results in annual losses. Holding is actually losing in this case. https://edvigo.com/food-and-drink/jim-beam-pausing-distillery-production/ https://edvigo.com/food-and-drink/jim-beam-pausing-distiller...

jprd 10mo ago

Look, when Britain taxed our tea, we got frisky Imagine what gon’ happen when you try to tax our whisky

shagie 10mo ago
The first tax in the United States was in 1791... https://en.wikipedia.org/wiki/Tariff_of_1791 https://en.wikipedia.org/wiki/Tariff_of_1791 > Tariff of 1791 or Excise Whiskey Tax of 1791 was a United States statute establishing a taxation policy to further reduce Colonial America public debt as assumed by the residuals of American Revolution. The Act of Congress imposed duties or tariffs on domestic and imported distilled spirits generating government revenue while fortifying the Federalist Era. https://history.house.gov/Historical-Highlights/1700s/The-1791-Excise-Whiskey-Tax/ https://history.house.gov/Historical-Highlights/1700s/The-17... > After a spirited debate, the House passed, by a 35 to 21 majority, the Excise Whiskey Tax—legislation that proved wildly unpopular with farmers and eventually precipitated the “Whisky Rebellion.” The measure levied a federal tax on domestic and imported alcohol, earmarked to offset a portion of the federal government’s recent assumption of state debts. Southern and western farmers, whose grain crop was a chief ingredient in whiskey, loudly protested the tax. In 1794, farmers in western Pennsylvania attacked federal officials seeking to collect tax on the grain they had distilled into whiskey. The administration of President George Washington dispatched a force of nearly 13,000 militia to put down a feared revolt. Resistance, however, dissipated when the troops arrived. https://en.wikipedia.org/wiki/Whiskey_Rebellion https://en.wikipedia.org/wiki/Whiskey_Rebellion > The Whiskey Rebellion (also known as the Whiskey Insurrection) was a violent tax protest in the United States beginning in 1791 and ending in 1794 during the presidency of George Washington. The so-called "whiskey tax" was the first tax imposed on a domestic product by the newly formed federal government. The "whiskey tax" became law in 1791, and was intended to generate revenue to pay the war debt incurred during the American Revolutionary War. ---- And today... https://www.distillerytrail.com/blog/kentucky-gov-signs-hb5-into-law-eliminating-bourbon-barrel-tax-over-20-years/ https://www.distillerytrail.com/blog/kentucky-gov-signs-hb5-... > Kentucky, home to 95% of the world’s bourbon inventory, is the only state in the nation that charges a tax on aging bourbon barrels but that is about to change. Kentucky distillers paid a record $33 million in 2021, more than triple the $10.7 million paid in 2009. That $33 million is projected to more than double in the next six to seven years as bourbon barrel inventory is expected to swell as production increases.