Bloomberg Businessweek

Tariff Impact on Alcohol, Markets, Economy and More

7 snips
Mar 25, 2025
Ali Anderson, CEO of CraftCo, dives into the challenges small U.S. spirits producers face due to potential tariffs on European alcohol imports. She discusses the shifting consumer habits favoring quality and lifestyle, alongside the ripple effects on the industry. Doug Ciocca, CEO at Kavar Capital, sheds light on the market’s reaction to these tariffs and the phenomenon of Tariff Implementation Paralysis that’s affecting investor confidence. Together, they highlight the intricate connections between trade policies, market sentiment, and the broader economy.
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ANECDOTE

Export Plans Derailed

  • CraftCo, despite not currently exporting, planned to start this year.
  • Tariffs have disrupted these plans, causing a shift in strategy.
INSIGHT

Domestic Focus

  • CraftCo will pivot to focus on domestic markets, specifically Michigan.
  • They will enhance their tasting room experience to connect with consumers.
INSIGHT

Industry Slowdown

  • The spirits industry is experiencing a slowdown, termed "normalization."
  • This cyclical trend, not a structural one, has been weathered before.
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