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by anonytrary 2447 days ago
It's a pretty simple theory -- if Americans have to pay 25% more for certain European goods, then they will be incentivized to purchase those goods elsewhere, therefore hurting Europe. Of course, this assumes the goods are fungible; this could backfire if no suitable substitute exists for those goods.
2 comments

Single Malt Whisky starts out at a high price point. I do not think that anyone that normally would spend $ on this is going to care. Not quite the correct item to tax. Find something that is not a luxury with an equivalent US product.
> Single Malt Whisky starts out at a high price point. I do not think that anyone that normally would spend $ on this is going to care.

Many high quality single malts are $40-50. Expensive for a daily drink, but within reach as an indulgence. The new tariffs will raise the price of the bottle by $10. That's not terribly significant on it's own, but knowing that buying a bottle contributes $10 on a needless trade war to feed a maniac's ego is pretty irritating.

WTO authorized the tariffs. This started way before trump. Read the article before blaming trump as sole cause
This reasoning is only correct if the number of sales from rich people far exceeds those from poor/middle-class people. Since the latter group far outnumbers the former, I can't be sure that what you said is true.
And considering Scotch whisky, it comes at a very peculiar time. The EU might be stopping to export Scotch whisky in 4 weeks from now :p. Not sure how this applies to Irish whisky though. As a consequence of the whisky boom of the recent years, the Irish whisky industry had a rebirth.