Beer
I’m sorry, beer lovers, but you may have to prepare yourself for some sobering news. The recently imposed aluminum tariffs are heavily affecting breweries. The 25% tariff increase is affecting most of the craft beers that are sold in aluminum cans. Additionally, a 25% tariff on Canadian barley has also been put into place. This further increases the sales price as Canadian barley is a key ingredient in many types of beer. Breweries are having to deal with $60 million being added to their cost structure. This will mean that consumers will pay around 3% to 8% more for their beer.