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You know all these craft breweries that have been transitioning from bottles to cans of late?
All that could come to halt if President Trump makes good on his announcement to impose a 10% tariff on aluminum imports.
The Beer Institute was the first trade organization to respond to the President’s announcement and it was nothing short of a commendation…
And because this issue is so important to the beer industry we’ve included the Beer Institute’s entire statement below…
This from Jim McGreevy, the Beer Institute President and CEO …
“Aluminum is critical to the well-being of America’s beer industry as more than half of the beer produced annually is packed in aluminum cans or aluminum bottles. President Trump’s announcement today that he plans to impose a 10% tariff on aluminum imports will increase the cost of aluminum in the United States and endanger American jobs in the beer industry and throughout the supply chain.
“According to third-party analyses, this 10% tariff will create a new $347.7 million tax on America’s beverage industry, including brewers and beer importers, and result in the loss of 20,291 American jobs. We appreciate the many members of Congress—both Republicans and Democrats—as well members of the cabinet who spoke out against imposing this tariff, many of whom specifically cited their concerns for how this tariff would negatively impact America’s beer industry.
“Imported aluminum used to make beer cans is not a threat to national security. The largest importer of aluminum to the United States is Canada—one of America’s strongest allies. We urge the Department of Commerce to exclude imported aluminum and cansheet used to make beer cans from these tariffs so as not to unnecessarily increase costs on American businesses and put jobs at risk.
All image credits: The Beer Institute
