Brown-Forman Stocks The Cabinet To Preempt Metal Duties Retaliation — Panjiva
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Brown-Forman Stocks The Cabinet To Preempt Metal Duties Retaliation

Consumer Staples 807 Earnings 759 European Union 882 Mexico 929 Tariffs 1870 U.S. 5404

Whisky distiller Brown-Forman, maker of Jack Daniels, reported a 6% rise in sales for the fiscal fourth quarter and expects growth in the coming year at a similar rate. One challenge is proposed EU duties on bourbon whisky in retaliation for the Trump administration’s section 232 tariffs on steel and aluminum. The EU accounted for 55% of all U.S. whisky exports in the past 12 months. Brown-Forman CFO Jane Morreau has indicated the company is preempting the duties by increasing inventory levels overseas. That can be seen in the 22% rise in all whisky exports seen from the U.S. in the p...

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