As the U.S. remains embattled in an ever-changing trade war with Canada and tariffs from the European Union loom, bourbon makers in Kentucky are trying to find their footing and plan a path forward.

Now, Europe’s infatuation with Kentucky bourbon and other U.S. spirits is threatened by the potential 50% tariff — double the previous levy — that would inflict “irreparable harm to distillers large and small,” said Chris Swonger, the council’s CEO.

President Trump's 25% tariffs on all imported steel and aluminum have taken effect. Victor Yarbrough, CEO of Brough Brothers Distillery, the first African American-owned distillery in Kentucky, joins "The Daily Report" to discuss the impact.