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Sen. Mitch McConnell says that the steel and aluminum tariffs imposed by the Trump administration could lead to a trade war with some of America's key allies, which will negatively impact Kentucky industries like bourbon and agriculture.
Brown-Forman says the bourbon giant has asked Gov. Matt Bevin to veto the tax "cleanup" bill passed on the last day of the legislative, citing an obscure provision within the bill that would hurt it and other large companies doing business in other states.
While experts agreed that trade generates a net benefit, they also told Insider that some challenges remain, including unfair practices — currency manipulation, poor intellectual property protections, worker exploitation — and job losses that occur because of trade.