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DonViejo

(60,536 posts)
Tue Jul 31, 2018, 09:47 AM Jul 2018

Trump Tariffs Impose $350M 'Tax' On Your Beer

Oliver Willis

July 31, 2018 4:30 am

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.

These added costs will be felt industry-wide, “from the largest brewers to the smallest brewers,” McGreevy said — and all of them will “have to figure out a way to incorporate those added costs in their production.”

McGreevy added that the 2.2 million jobs supported by the beer industry are also under threat thanks to Trump’s trade war.

more
http://www.nationalmemo.com/trump-tariffs-impose-350m-tax-on-your-beer/

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Trump Tariffs Impose $350M 'Tax' On Your Beer (Original Post) DonViejo Jul 2018 OP
A tariff is a direct tax. dalton99a Jul 2018 #1
I hear a 12 pack of Natty Light will jump to a whopping $1.99 NightWatcher Jul 2018 #2

NightWatcher

(39,343 posts)
2. I hear a 12 pack of Natty Light will jump to a whopping $1.99
Tue Jul 31, 2018, 09:50 AM
Jul 2018

Trump voters will have to find some more scrap metal out behind the old factory that was shuttered last year for the recycler.

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