A popular cocktail has a Trump trade problem you probably didn’t know about

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. Chris Swonger, president and CEO of the Distilled Spirits Council, says Canada’s liquor boycott is taking a toll on American jobs and businesses. President Donald Trump's latest trade fight with Canada is now spilling into Americans’ cocktail glasses, after the administration imposed a 50% tariff on a range of Canadian imports, including spirits. Trump initially paused the duties for three days following last-minute talks with Canadian Prime Minister Mark Carney, but negotiations failed to produce a deal before the deadline. Canada has since vowed to retaliate dollar for dollar, with its countertariffs set to take effect Sept. 8. The U.S. tariffs cover roughly $20 billion in Canadian imports, ranging from liquor and dairy products to furniture and sporting goods. But the alcohol industry could feel the impact especially directly, as Canadian spirits