Reprinted with permission from Shareblue.
Trump’s reckless choice to single-handedly launch an international trade war is about to make your beer more expensive.
According to an analysis by the Beer Institute, Trump’s decision to impose tariffs on steel and aluminum will increase the annual cost of beer production in the U.S. by $347.7 million per year.
Those extra costs are very likely to be passed on to consumers — and beer producers accuse Trump of effectively imposing a new “tax” on beer.
“These tariffs on aluminum and on steel, we estimate, amount to a $350 million-dollar tax on beer brewers in the United States,” Beer Institute President and CEO Jim McGreevy noted Monday on MSNBC.…