American whisky- and wine-drinkers are being punished simply for trying to amicably trade what they have for what they want.
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A bottle of your favorite Scotch whisky might cost a bit more this year, thanks to new tariffs imposed by the Trump administration and targeting European imports like alcohol, cheese, and wool.
Trump ordered those tariffs last year as punishment for what the United States sees as unfair subsidies provided to Airbus, a major airplane manufacturer. In practice, it means that American consumers of whisky and wine, among other things, will be paying higher import taxes in order to punish European producers—even though those industries are hardly at fault for the corporate welfare provided by their governments. The whole situation highlights the folly of using tariffs at all.
Written and narrated by Eric Boehm. Motion graphics by Lex Villena.
You can read the full article that this video is based on here: https://reason.com/2020/02/25/trumps-…
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