Iconic U.S. liquor brand sounds the alarm on tariffs
It’s bad news for an already troubled industry.
A prolonged period of rampant inflation is forcing consumers to adjust their approach to spending money.
In February 2025, consumers cut their spending by the largest monthly percentage in four years. And with President Trump recently confirming that he won't rule out a near-term recession, consumers may be increasingly scared to spend as freely as they normally would.
