EconomySwonger Says Trade Barriers Will Hurt Spirits Industry

Chris Swonger, president and CEO of the Distilled Spirits Council of the United States, says the US accounts for 93% of Canada’s spirits industry and warns that cross-border restrictions would damage the hospitality economy on both sides. He says the sector prospered under zero-to-zero tariffs, while facing pressure from GLP-1 drugs, lower alcohol consumption among younger people and inflation.