E Will Canadian Boycott Start With Kentucky Whiskey?

It is interesting to look at the products that Canada may decide to boycott if the trade war with Canada heats up. This boycott may be the only thing that shows Donald Trump that he is not winning. This boycott could end up saving America and Canada a lot of pain in the future but boycotts hurt.

While we hope things don't get so bad in Canada with trade tariffs that boycotts are needed, certainly they are a tool that could bring restraint to governments that are perceived to be out of control.

We know Donald Trump thinks that a pending trade war is just about leaders. That shows a misplaced arrogance. Boycotts can work and are a patriotic action. But they should be a last resort action if leaders fail to act.

 

Shot of Whiskey Author Guinnog

Boycotting Whiskey

Boycotting whiskey could be the most effective of all boycotts. Whiskey was popular, died, and now is popular again. I have adult children who have enjoyed the Kentucky Bourbon Trail. Whiskey sales are soaring around the world. A boycott would be fairly easy to accomplish. Not only Canada, but the whole world could engage in it. The bottles are labeled. It is not difficult to determine the origin.

Since the Senate majority leader, Mitch McConnell, has buried his head in the sand regarding warnings of worldwide tariffs coming to Kentucky bourbon whiskey, a boycott may be the only way to get him to move.  The state of Kentucky could be financially decimated if Canadians bought their own whiskey and if it spread to other nations. Whiskey is not the most expensive product to boycott, but would affect the most powerful senator!

Thirteen distilleries owned by 8 companies produce 99 percent of the whiskey produced in the United States. Ten of those distilleries are located in Kentucky. Kentucky produces 95 percent of the bourbon whiskey, which is corn based, in the world. There are other whiskeys produced in Kentucky and in other states, and these include rye whiskey, scotch whiskey, etc. These are all potential subjects of a boycott.

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Disclaimer: I have no financial interest in any companies or industries mentioned. I am not an investment counselor nor am I an attorney so my views are not to be considered investment advice. The ...

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Moon Kil Woong 2 months ago Contributor's comment

As we should all know, erecting trade barriers among close trading partners has an adverse effect on the economy. Sadly, many of these effects occur long term. This means the one implementing them may only have to deal with the #inflation caused by their actions and not the disfigurement of their economy and the gradual shift of trade away from the country implementing one sided trade barriers which are usually illogical because they usually do more harm than good and cause massive unforeseen results because they let he opposing side do one sided actions as well.

There should be a basic economic test the Republican party requires before a candidate is elected because #Trump's position on this is more liberal than even Clinton's which is depressingly sad coming from a person who's suppose to be a businessman.

Bill Johnson 2 months ago Member's comment

Yes, it's a mistake to target our close allies and friends.

Gary Anderson 2 months ago Author's comment

So true, Moon, but I can't see it as being liberal. It is radical, far left. And now it has been adopted by the far right, and Trump is farther right than anyone could have forseen. Being a radical nationalist (as opposed to a moderate national) is a far right position but it does correspond to a far left union radicalism. Most everyone, I thought, was in the middle, be they liberal or conservative, and were for free trade as a general rule. The problem with the USA is that real estate is inflated, and wages are inflated, and pretty much everything is inflated as regarding competitive international trade. So it is hard for the US to compete in making everything. Trump seems not to understand this, and will create real inefficiencies going forward. And he would like to see real estate continue to go up. He wants everything to go up except maybe the dollar and oil. Jesse Colombo says everything is a bubble, and regarding international trade he could be right!

Moon Kil Woong 2 months ago Contributor's comment

Scary thoughts.

Cynthia Decker 2 months ago Member's comment

Norman Mogil, Gary Anderson, what are the pros and cons of US tariffs against Canada?

Norman Mogil 2 months ago Contributor's comment

Take agriculture which has highly integrated supply chains, not unlike those in the auto sector. The two countries are so connected within the agriculture sector that a tariff war would devastate farms on both sides of the border. Canada buys more US agricultural products than China and the US is Canada's biggest agricultural market. The dairy industry that is singled out by Trump as the worst offender is less than 2% of all US agricultural trade. Is this all about votes in Wisconsin that Trump and his advisors are prepared to over turn 50 years of good trade relations?

The issue of Canadian supply management involves domestic quotas on eggs, poultry and dairy products. Canadians pay more for their own products than they would otherwise be the case without supply management. But we are satisfied with that, otherwise we would have done away with this form of subsidy years ago. The Canadian supply management does not contravene the WTO rules, so we are playing by the rules.

This is no different than the US Congress voting billions to subsidy agriculture in the US. We do not complain about that, yet Trump complains about Canadian supply management.

There are no 'pros' when it comes to putting up tariffs --- consumers are the big losers.

Gary Anderson 2 months ago Author's comment

Speaking for myself, Canada and the US are pretty balanced regarding trade. Why make a trade war under those circumstances? I would like for a peaceful atmosphere to continue between the US and Canada. We need Canadian lumber and house prices inflate due to a scarcity of wood product.

Barry Hochhauser 2 months ago Member's comment

I agree Gary. I understand #Trump's concerns about China, but Canada? Why make an enemy with such a close ally and trusted partner?