Jack Daniel's maker Brown-Forman lowers profit forecast as tariffs bite

(Reuters) - Brown-Forman Corp on Wednesday said tariffs would take a 6 cent bite out of its full-year profits and the Jack Daniel's maker does not expect raising prices to immediately offset the dent.Chief Financial Officer Jane Morreau said the alcoholic beverage maker was not going to raise prices right away to stay competitive but plans to do so later in the year. The European Union, China, Mexico and Canada have slapped import duty ranging from 10 percent to 25 percent on U.S whiskey and..