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03-03-2018, 09:16 AM
Trump's aluminum tariffs could be coming for our precious cans of beer
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Donald Trump's latest policy change could hit your beer budget where it hurts.
On Thursday, Trump announced a plan to place tariffs on steel and aluminum imports from all around the globe, and in the process, freaked out pretty much everyone – from the countries that produce those materials (https://www.nytimes.com/2018/03/02/business/europe-steel-tariffs-trump.html) to the companies that buy them (https://www.bloomberg.com/news/articles/2018-03-01/bud-light-hershey-s-kisses-caught-up-in-aluminum-tariff-plan).
The proposed tariffs? Per Trump's Thursday remarks (https://www.whitehouse.gov/briefings-statements/remarks-president-trump-listening-session-representatives-steel-aluminum-industry/), the White House plans to slap a 25 percent tariff on steel, and a 10 percent tariff on aluminum.*
SEE ALSO: This little attachment adds creamy foam to cocktails or beer — congrats, you're a mixologist now (https://mashable.com/2018/02/20/beer-and-cocktail-foampresso-on-kickstarter/)
Why? Because Trump says he's trying to help U.S. metal producers, who he claims (https://www.whitehouse.gov/briefings-statements/remarks-president-trump-listening-session-representatives-steel-aluminum-industry/) have been "very unfairly treated by bad policy, by bad trade deals, by other countries. They’ve been horribly treated by other countries, and they have not been properly represented." Read more... (https://mashable.com/2018/03/02/trump-aluminum-tariffs-beer-industry/)
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Donald Trump's latest policy change could hit your beer budget where it hurts.
On Thursday, Trump announced a plan to place tariffs on steel and aluminum imports from all around the globe, and in the process, freaked out pretty much everyone – from the countries that produce those materials (https://www.nytimes.com/2018/03/02/business/europe-steel-tariffs-trump.html) to the companies that buy them (https://www.bloomberg.com/news/articles/2018-03-01/bud-light-hershey-s-kisses-caught-up-in-aluminum-tariff-plan).
The proposed tariffs? Per Trump's Thursday remarks (https://www.whitehouse.gov/briefings-statements/remarks-president-trump-listening-session-representatives-steel-aluminum-industry/), the White House plans to slap a 25 percent tariff on steel, and a 10 percent tariff on aluminum.*
SEE ALSO: This little attachment adds creamy foam to cocktails or beer — congrats, you're a mixologist now (https://mashable.com/2018/02/20/beer-and-cocktail-foampresso-on-kickstarter/)
Why? Because Trump says he's trying to help U.S. metal producers, who he claims (https://www.whitehouse.gov/briefings-statements/remarks-president-trump-listening-session-representatives-steel-aluminum-industry/) have been "very unfairly treated by bad policy, by bad trade deals, by other countries. They’ve been horribly treated by other countries, and they have not been properly represented." Read more... (https://mashable.com/2018/03/02/trump-aluminum-tariffs-beer-industry/)
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