Close to half of all American whiskey, bourbon and rye is sold internationally, primarily to Canada, Mexico and the European Union. (Adobe Stock)
Hoosier businesses across the state are feeling the ripple effects of rising tariffs and shifting trade policies, especially in farming, manufacturing and retail.
Aaron Lehman is president of the Iowa Farmers Union, but his concerns extend across state lines.
"We put off buying machinery and making other farm improvements," he said. "We're less likely to support our local suppliers and manufacturers. Sometimes we even put off bringing the next generation onto the farm."
Indiana ranks in the top 10 nationally for corn and soybean production, two markets directly hit by trade volatility. Supporters of tariffs say they protect U.S. jobs and fight unfair trade. However, small business owners in other states say rising costs and unpredictability are hindering their growth.
Americans voiced concerns during a call organized by Farmers for Free Trade and Tariffs Cost US.
Indiana distillers and retailers that rely on exports and imported materials could face similar risks. Nick Colombo, co-founder of Switchgrass Spirits in Missouri, said uncertainty from tariffs is impacting the way he does business.
"We are no longer trying to sell our goods outside of this country," he said. "That's a huge mess not only for us but also for the people we buy grain from and the people we buy barrels from."
Business owners nationwide say they need trade stability to hire, invest and grow.
Joe Ulery, Anchor/Producer
Friday, July 11, 2025