Everyone needs to chill. Mexico and Canada caved in 24 hrs! They need us. Part of the strategy was to get those 2 countries to tighten the borders! They have now agreed. I say it’s a win. Truth is, most countries sell us their products and buy very little of ours. They also tax the crap out of it and discourage their people from buying our goods. How much of our goods does China buy? We have a huge deficit. Also, IDC about tequila. Sometimes we need to suffer a little to advance the cause. IMO
They are doing what they agreed to do with Biden in December of 2024. It had nothing to do with the tariffs and they didn't cave at all. I'm glad there is a pause, but you must understand they didn't give in to Trump on anything. Trump is trying to claim that Canada and Mexico doing what Biden got them to agree to is somehow because of him and the threat of tariffs...it is not. Tariffs are a loser hand to play and the only hope is that cooler heads will prevail. Tariffs will only add to the deficit. In Trump's 1st term, the tariffs he enacted added $600 billion to the deficit (of which he added a total $8 trillion to in just 4 years / 25% of the entire US deficit) because he had to bail out US farmers with subsidies. There is only huge downside risk with tariffs.
Crazy how basic economic principles are ignored here. Supply and demand. If whiskey can’t be exported, there will be a spike in supply with an ever-decreasing demand (as we’ve seen), so no, the cost to the customer here will not go up. The cost will have to go down. It’s been massively bloated and over-inflated and frankly has just been years of price gouging and exploitation. Which I’m not going to fight, bc that’s free market and I support that. But everyone’s economic health and livelihood in this country is bigger than booze. Time will tell if these tariffs are designed to offset people’s tax liability. If that’s the case, then tariff away! I’d like to decide fully where my money goes and even if pricing goes up on certain things, I’m free to decide to buy or not buy those things. With taxation, it’s taken from me without stipulation and enforced by threat of violence via the govt. I’m a huge fan of bourbon and avid collector but this topic is bigger than bourbon.
I love you guys, but you’re avoiding talking about the positives of this industry decimation to the vast majority of bourbon fans….higher aged bottles at lower prices. And more of it. Way more. We may even see ECBP at 12+ years old again. Distilleries spent billions on recent expansions. Tariffs just add to it. A huge glut of bourbon with less folks to buy it = lower prices and higher age statements, as the legacy distillers battle it out for the remaining consumers attention. The human casualties of the industry decimation are truly heartbreaking. And I know that’s the only lens you see this through, being in the industry. But bourbon consumers have been taking it up the rear for a while now price wise, age wise, and quality wise, so we’re gonna enjoy this decimation that’ll enable us to drink bourbon like it’s the year 2010.
Great job Kenny and all, in keeping things apolitical and sticking to how the this all affects the industry. The uncertainty is what makes people nervous everywhere, but hopefully things turn out well in the end.
Bourbon Pursuit has completely lost its magic. None of them are actually bourbon enthusiasts anymore, they are bourbon insiders with skin in the game. Not to say they don’t like bourbon or don’t know about bourbon, but their takes are completely horrible and out of touch with the bourbon enthusiast. If the podcast were to start today without its legacy fan base, it wouldn’t gain 1/10 of the following, but since it has a strong legacy fanbase, it will putter along as a boring “going through the motions” show
Tariffs for some nebulous reason will never end well for the US. Just to be clear, fentanyl is awful, but over 90% of fentanyl comes into the US through legal ports of entry and is overwhelmingly brought in by white male American citizens. So, the tariffs have been enacted to obtain an imaginary goal that cannot be met by Canada or Mexico because they are not responsible for this. It's not political. It's stupid and the only hope is that Trump backs down because it is a loser hand that can only be evaluated in gradations of loss. The US cannot win this at all.
Everyone needs to chill. Mexico and Canada caved in 24 hrs! They need us. Part of the strategy was to get those 2 countries to tighten the borders! They have now agreed. I say it’s a win. Truth is, most countries sell us their products and buy very little of ours. They also tax the crap out of it and discourage their people from buying our goods. How much of our goods does China buy? We have a huge deficit. Also, IDC about tequila. Sometimes we need to suffer a little to advance the cause. IMO
Well said.
They are doing what they agreed to do with Biden in December of 2024. It had nothing to do with the tariffs and they didn't cave at all. I'm glad there is a pause, but you must understand they didn't give in to Trump on anything. Trump is trying to claim that Canada and Mexico doing what Biden got them to agree to is somehow because of him and the threat of tariffs...it is not. Tariffs are a loser hand to play and the only hope is that cooler heads will prevail. Tariffs will only add to the deficit. In Trump's 1st term, the tariffs he enacted added $600 billion to the deficit (of which he added a total $8 trillion to in just 4 years / 25% of the entire US deficit) because he had to bail out US farmers with subsidies. There is only huge downside risk with tariffs.
funny the “blending” guy wants everyone to come together to make it better.
It was a Landru guide us moment at the start.
Yes, ham is delicious on a breakfast sandwich. 😊
Just skip to 15:30
Crazy how basic economic principles are ignored here. Supply and demand. If whiskey can’t be exported, there will be a spike in supply with an ever-decreasing demand (as we’ve seen), so no, the cost to the customer here will not go up. The cost will have to go down. It’s been massively bloated and over-inflated and frankly has just been years of price gouging and exploitation. Which I’m not going to fight, bc that’s free market and I support that. But everyone’s economic health and livelihood in this country is bigger than booze. Time will tell if these tariffs are designed to offset people’s tax liability. If that’s the case, then tariff away! I’d like to decide fully where my money goes and even if pricing goes up on certain things, I’m free to decide to buy or not buy those things. With taxation, it’s taken from me without stipulation and enforced by threat of violence via the govt. I’m a huge fan of bourbon and avid collector but this topic is bigger than bourbon.
Why does Brian have a Wells Fargo hat on? It's statically impossible to have a Wake Forrest fan in the wild.
I love you guys, but you’re avoiding talking about the positives of this industry decimation to the vast majority of bourbon fans….higher aged bottles at lower prices. And more of it. Way more. We may even see ECBP at 12+ years old again.
Distilleries spent billions on recent expansions. Tariffs just add to it. A huge glut of bourbon with less folks to buy it = lower prices and higher age statements, as the legacy distillers battle it out for the remaining consumers attention.
The human casualties of the industry decimation are truly heartbreaking. And I know that’s the only lens you see this through, being in the industry. But bourbon consumers have been taking it up the rear for a while now price wise, age wise, and quality wise, so we’re gonna enjoy this decimation that’ll enable us to drink bourbon like it’s the year 2010.
Great job Kenny and all, in keeping things apolitical and sticking to how the this all affects the industry. The uncertainty is what makes people nervous everywhere, but hopefully things turn out well in the end.
Bourbon Pursuit has completely lost its magic. None of them are actually bourbon enthusiasts anymore, they are bourbon insiders with skin in the game. Not to say they don’t like bourbon or don’t know about bourbon, but their takes are completely horrible and out of touch with the bourbon enthusiast. If the podcast were to start today without its legacy fan base, it wouldn’t gain 1/10 of the following, but since it has a strong legacy fanbase, it will putter along as a boring “going through the motions” show
Tariffs for some nebulous reason will never end well for the US. Just to be clear, fentanyl is awful, but over 90% of fentanyl comes into the US through legal ports of entry and is overwhelmingly brought in by white male American citizens. So, the tariffs have been enacted to obtain an imaginary goal that cannot be met by Canada or Mexico because they are not responsible for this. It's not political. It's stupid and the only hope is that Trump backs down because it is a loser hand that can only be evaluated in gradations of loss. The US cannot win this at all.