Trump's 25% tariffs on canned imported beer and aluminum cans could potentially raise prices in the craft beer industry, even though most brewers in the U.S. buy their cans domestically.
Shares of steel and aluminum producers tumbled across the board post-market Wednesday following President Trump's tariff announcement, even as The White House said steel and aluminum imports would be exempt from reciprocal tariffs.
Josh Lipton outlines the top stories to watch on Friday, April 4. The Trump administration's 25% tariff on imported canned beer and aluminum cans will take effect at midnight. The March jobs report will be released in the morning,
PC vendors say they thought the 25% tariff was on raw aluminum and steel, not finished products. Unfortunately, the policy also targets aluminum 'derivative' products.
Steel and aluminum are essential for high-rise construction, and are often cheaper to produce in countries like China, Mexico or Canada, one expert said.
Industry analysts anticipate the new beer and can tariffs will strike a hard blow to Constellation, who imports all of its beer from Mexico.
With President Donald Trump having enacted broad tariffs on the import of foreign steel and aluminum into the U.S. on March 12, several onlookers have speculated as to the impact that these
President Donald Trump's 25% tariffs on imported vehicles went into effect, adding to the 25% tariffs already placed on steel and aluminum. This is expected to also have an effect on