How You Can Join the Fight to Save Jack Daniels From Tariffs

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
How You Can Join the Fight to Save Jack Daniels From Tariffs

© the_eyes_of_albert_luo / Flickr

The Distilled Spirits Council has made a huge push to save its members from crippling tariffs, most notably from the Chinese. The group includes a large number of liquor companies, such as the maker of Jack Daniels. The council offers membership fees for as little as $5,000, which means some well-off Americans can afford the fight to keep sales of the brand at current levels.

The council is controlled by several liquor giants, including Diageo, Bacardi and Brown-Forman, which owns Jack Daniels. It claims that U.S. sales of the products its members make support 1.4 million jobs and $150 billion in “economic activity.” It is not entirely clear how the council got to those numbers, but the industry is certainly large.

The most recent council complaint about tariffs is a potential 25% one that China may put on what it calls U.S. whiskey products. However, less may be at stake than the complaints indicate. The Distilled Spirits Council Senior Vice President of International Trade Christine LoCascio said:

Imposing 25 percent tariffs on U.S. whiskeys could put the brakes on an American export success story. American spirits exports to China have grown by almost 1,200 percent, from $959,000 in 2001 to $12.8 million in 2017.

[nativounit]

That does not seem like much given the overall size of the industry. To join the council and join the fight, an Associate Membership costs $5,000. At this level of membership, among the benefits listed in the membership directory are access to proprietary data about the industry, special mailing labels and marketing opportunities.

However, the biggest benefit is to help keep the companies that make products like Jack Daniels financially healthy. For some people, that is enough all by itself.

[recirclink id=478996]

[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618