Since President Trump announced 25 percent tariffs on foreign steel and a 10 percent tariff on aluminum in March, profits from American steelmakers have steadily been on the rise. But sheet metal shops and industries that utilize steel to produce products have felt the pinch. The latest industry on that list is beer, the Washington Post reports:
The Beer Institute, a U.S. trade group, says brewers are bothered. It projects that over a year, tariffs on foreign aluminum could increase the cost of beer production by $347 million. (U.S. beer sales totaled $111.4 billion in 2017, according to the Brewers Association.)