Another offshoot of that tariff on steel and aluminum should hit Americans right in the gut. The beer gut, as it were. That’s because the cost of the aluminum cans that are the norm for beer, soda pop and a variety of other beverages is going to get more costly and take the price of a six-pack up with them. Estimates by the Beer Institute put the cost of the tariffs for the beer industry at $347.7 million and should cost the industry more than 20,000 jobs. That said, given that the can itself costs about 10 cents to make, even cans made entirely of imported aluminum (and most aren’t) are only going to cost brewers an additional penny after the tax.
Details: Walmart, Coca-Cola Plan Price Hikes Due to Tariffs
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