Jack Daniel’s Maker’s Stock Tumbles—Blame Tariffs
Brown form (BF.A; BF.B), a manufacturer of Jack Daniel’s whiskey and other alcoholic beverages, S&P 500 The biggest seller on Wednesday EU (EU)fight back Retaliatory tariffs Effective after 25% of the U.S. taxes on steel and aluminum.
From April 1, the EU said, “the tariffs will apply to products from boats to bourbons to motorcycles.” These actions are in response US tariffs Effective at midnight on Wednesday.
Canada also implemented anti-Americans on Wednesday Retaliation tax was imposed last week Regarding American goods (including spirits such as those produced in brown forms), “to deal with American tariffs.”
Brown shares fell nearly 5% to $34.37 late Wednesday. In the past two meetings, they lost 10% of their value.