Exports of U.S. spirits fell 9% in the second quarter due to trade tensions and Canadian market restrictions, with sales in Canada dropping 85% to under $10 million. Brown-Forman Corp. reported a 60% sales drop in Canada. Exports to the EU, U.K., and Japan also declined. The Distilled Spirits Council warns of adverse effects on exports and predicts a 1%-2% annual decline in sales through 2029. Companies like Brown-Forman and Diageo plc are vulnerable to trade-related sales declines and could see reduced market share. Stay tuned for updates on this developing story.

Read more at Quiver Quantitative: U.S. Spirit Exports Fall 9% as Trade War and Canadian Boycotts Hit Liquor Sales