[BND] Kane's Beverage News Daily

Good Morning and Happy Tuesday, July 21, 2026

DISCUS: Trump's 50% Tariff on Canadian Goods Deepens Tension, Risks Retaliation

President Trump's action in imposing a 50% tariff on imported spirits from Canada– as well as most other Canadian goods – "deepens trade tensions and raises the risk of further retaliation at a time when many U.S. hospitality businesses continue to face financial hardship," Chris Swonger, president, Distilled Spirits Council of the U.S., said in a statement responding to Trump's latest tariff action.

Spirits Sales Improve, But Total Alc Continues Slide; Prepared Cocktails Volume Falls 5%: NIQ

Total alcohol missed year-ago comparisons on both a four-week and one-week basis, NIQ reports. During the four weeks ending July 11, Total Alcohol missed year-ago comparisons. Dollar sales reached $9.3 billion, down -2.6% vs the like year-earlier period, while case volume totaled 184.2 million, declining -4.7% vs a year ago. On a weekly basis, dollar sales experienced a large but expected deceleration as purchasing behavior normalized after July 4th celebrations, reaching $2.2 billion, down 17

How Farm Credit Mid-America Allegedly Enabled Uncle Nearest Fraud

Michael Senzaki, the former chief financial officer of the Uncle Nearest family of companies, was able to defraud * Farm Credit Mid-America, * Uncle Nearest companies, and * steal at least part of Fawn Weaver's equity in Uncle Nearest, * as well as money intended to pay Uncle Nearest's vendors because Farm Credit Mid-America failed to exercise basic banking protocols. Having helped Senzaki through its "willful blindness," Farm Credit now wants its money back. That's the gist of allegations

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Thanks for reading. I'll be back tomorrow. – Joel