Beer drinkers are increasingly choosing to consume the beverage from cans, and aluminum tariffs put in place during former President Donald Trump's administration have the industry hopping mad.
The beer industry is looking to President Joe Biden's administration for help. “We continue to urge President Biden to lift the aluminum tariffs and not to add any additional tariffs that drive up the cost of living for hardworking Americans and hurt American job creators like brewers and other critical manufacturing industries that depend on aluminum,” Crawford added.
Mary Jane Saunders, vice president and general counsel for the Beer Institute, highlighted the situation during an interview with the Washington Examiner. “What makes this kind of a really amazingly bad situation is that the beer and beverage industry is paying tariffs on metal that is not actually subject to tariffs,” Saunders said.
Many of the smelters are located in Canada, and there is a handful in the U.S. Part of Trump’s reasoning with the tariffs was that they could help the domestic smelters survive competition from other countries. So a tariff on all primary aluminum coming into the U.S. was levied in 2018, Saunders said. When it comes to a beer can, maybe 25% of the metal in a beer can comes from primary aluminum, and the rest is recycled aluminum and scrap, Saunders estimated.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FoxNews - 🏆 9. / 87 Read more »