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    Report: Trump’s Proposed Tariff May Result in Higher Prices for Beer, Soft Drinks

    Report: Trump’s Proposed Tariff May Result in Higher Prices for Beer, Soft Drinks

    Beer Institute: “Tariffs are taxes. And taxes are job killers and prosperity killers”

    The Beer Institute, a 501(C) organization based in DC, “condemns” President Trump’s proposed tariff on steel and aluminum stating that it will have a significant impact on American beer-makers (and buyers).

    Fox News reports:

    The Beer Institute is condemning President Donald Trump’s surprise plan to impose tariffs on aluminum and steel imports.

    Despite a significant drop in the stock markets on Thursday and Friday, Trump gave no indication that he would back off the plan for a 25 percent tariff for steel imports and 10 percent tariff for aluminum imports.

    The Beer Institute — which promotes beer and responsible consumption  as well as sound public policy and regulation for all of America’s brewers, beer importers and industry suppliers — says the aluminum tariff would increase costs to American businesses and endanger American jobs.

    “Tariffs are taxes. And taxes are job killers and prosperity killers,” Beer Institute President Jim McGreevy said on “Your World” on Friday, revealing that they estimate this move will cost America’s beverage industry, including brewers and beer importers, $347 million.

    He said he hopes the Trump administration will listen to concerns of the beer, soda, aerospace and auto industries, along with the hundreds of other industries that are downstream users of aluminum.

    Watch the report:

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    Comments



     
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    snopercod | March 4, 2018 at 8:22 am

    We need to get out of NAFTA, too. The Chinese are avoiding their own export tariffs and U.S. import tariffs on aluminum by shipping fabricated aluminum to Mexico, melting it down, and shipping the ingots to the U.S. duty free.

    https://www.youtube.com/watch?v=3vyBtks8DkE


     
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    Connivin Caniff | March 4, 2018 at 11:17 am

    It seems that China and Japan profit mightily from heavily restricting imports. They mustn’t have read Wealth of Nations either.


       
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      Milhouse in reply to Connivin Caniff. | March 5, 2018 at 7:08 am

      No, they’re not profiting, they’re damaging their own people. The Japanese politicians have probably read it and know what they’re doing to their constituents, but like politicians everywhere they’d rather cater to the special interests than to the general interest. The special interests, because they are concentrated, speak louder and have money to spend, so politicians identify with them, just as they do here. In the Chinese case the government are the special interest, so they serve their own interest and don’t care what they’re doing to the people, who don’t vote anyway.


     
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    mishka | March 4, 2018 at 12:12 pm

    When we stop subsidizing the sugar industry and the corn industry, then I’ll worry about protectionism.


     
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    Firewatch | March 4, 2018 at 2:35 pm

    Oh goodie, beer in bottles like it should be.


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