Ongoing trade disputes, along with President Trump’s tariff efforts are hurting U.S. consumers of steel and aluminum. Market fluctuations in prices are impacting the makers and builders of grain bins, metal building, farm equipment, and even the beer industry.
The Beer Institute, which represents the brewing industry, calls the tariff on aluminum a $347 million tax on the U.S. beer industry. Institute President and CEO Jim McGreevy says the tariffs are having an “immediate and disproportionate” impact on American brewers. The organization says the recently-imposed tariffs will drive aluminum prices higher globally, increasing the cost of beer production for all brewers.
The comments come as President Trump extended his exemption to U.S. trade allies from the ten percent aluminum tariff.
As trade negotiations are ongoing, the organization says it is calling for a “fair and transparent pricing system for aluminum.”
From the National Association of Farm Broadcasting News Service.