Trump’s trade war pushed US alcohol companies into trouble

American the alcohol industry is in trouble, says an American magazine Newsweek.

The trade war started by the United States has reduced the export of alcohol, and at the same time alcohol consumption in the United States has decreased, especially among young people.

President Donald Trump’s because of the import duties imposed by many countries, many countries have imposed counter duties, which target, for example, alcohol imported from the United States.

According to a poll published in August, 54 percent of Americans said they drink alcohol, which is the lowest percentage in 90 years.

In the first half of the year, alcohol exports to Canada decreased by 85 percent, to Britain by 29 percent and to Japan by 23 percent, Newsweek reports.

According to the magazine, the alcohol producers who applied for corporate reorganization this year are Boston Harbor Distillery, House Spirits Distillery, Stoli Group USA and LMD Holdings. On Tuesday, AM Scott Distillery applied for corporate reorganization.

Jim Beam, known for its whiskey, on the other hand announced at the beginning of the week suspending production for a year at its largest factory in the state of Kentucky.

Distilled The Distilled Spirits Council, an interest organization for alcohol producers, estimates in its review, according to Newsweek, that foreign consumers are inclined to replace strong US spirits with domestic or imported products.

“This change may reflect a broader perception that US-imposed tariffs are unfair, prompting consumers to support their domestic industry or seek non-US products in response,” the organization estimated, according to the newspaper.