It has effect! People are buying less American.
According to Systembolaget (the liquor monopoly of Sweden), there has been a drop in sales of American liquor by 17% this year. This is likely caused by boycotts after the tariffs introduced against Europe.
Long term, this may have an effect on which goods they buy in.
If you need to go to a specific store to get beer with quite limited opening hours, you’ll probably get some extra just in case.