'Bourbon Is Big, But Automotive Tariffs Are A Much Bigger Problem For Kentucky Right Now'
"If you look at Kentucky's top exports to Canada, bourbon doesn't even make the top five. The top spot, however, belongs to motor vehicles, followed by motor vehicle parts, aerospace products and parts, computer equipment and motor vehicle bodies/trailers. Motor vehicle parts and aerospace products and parts are also Kentucky's top two exports to Mexico."
"Ford, General Motors, Lexus and Toyota all have factories in Kentucky, including the Corvette plant...Losing Canada's bourbon market certainly won't be good, but it also pales in comparison to the amount of money the state will lose if Canadians stop buying cars made in Kentucky."
"Canada's growing resistance to buying anything made in the U.S. could take more than $9 billion out of Kentucky's economy annually. Canada is also Kentucky's top export market globally, making this Republican trade war even worse for the Bluegrass State."
"If you listen to the official Republican line, the trade war started over fentanyl...As the nonpartisan think tank, the Council on Foreign Relations points out, however, not only have fentanyl deaths in the U.S. dropped significantly since their peak, but Canada is 'responsible for almost none of the fentanyl that winds up inside U.S. borders'...there's also absolutely no evidence that supports the claim that fentanyl made in Canada is pouring into the U.S. like Republicans want you to believe."
"In case you had any doubts about the real reason Republicans started this completely unnecessary trade war, current press secretary Karoline Leavitt spelled it out clearly in a recent press conference, telling reporters that Trump 'feels strongly that it would be very beneficial for the Canadian people to be the 51st state of the United States' and that 'they wouldn't be paying for these tariffs [and] they'd have much lower taxes if they were part of our great country.'"
Read More: https://www.jalopnik.com/1805408/automotive-tarrifs-bigger-problem-kentucky/
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