Beer industry blames Trump's tariffs for loss of 40K jobs: report

[corbe]

Beer industry blames Trump's tariffs for loss of 40K jobs: report

By Rachel Frazin - 05/23/19 04:42 PM EDT   

The beer industry is reportedly blaming the Trump administration's tariffs for a loss of jobs of 40,000 jobs.

A study by the Beer Institute and National Beer Wholesalers Association found that direct, indirect and induced jobs dropped to 2.19 million in 2018 from 2.23 million in 2016, according to Bloomberg News, and insiders say President Trump's steel and aluminum tariffs are the cause.

“Aluminum tariffs are increasing brewers’ costs and are an anchor on a vibrant industry,” Beer Institute in Washington CEO Jim McGreevy told Bloomberg in a statement. “Each brewer is deciding for themselves how to absorb that expense, whether it’s raising prices, laying off workers or delaying innovation and expansion.”

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https://thehill.com/policy/finance/trade/445305-beer-industry-blames-trumps-tariffs-for-loss-of-40k-jobs

[skeeter]

Tastes better in bottles anyway.

[corbe]

   I'm not buying this BS report or their swill that they call beer, anymore.  The Craft Beer industry is what is effecting their bottom line.  Texas is about to pass a law that will allow the local breweries to sell their beer directly, further marginalizing these pizz bottlers.

[IsailedawayfromFR]

Since the biggest beer company is foreign owned, it does not take a genius to figure out it imports a lot of beer rather than make it domestically.

[Wingnut]

Tastes better in bottles anyway.

Less Filling.

[Bill Cipher]

Since the biggest beer company is foreign owned, it does not take a genius to figure out it imports a lot of beer rather than make it domestically.

The tariffs aren’t on beer. 

[Sanguine]

   I'm not buying this BS report or their swill that they call beer, anymore.  The Craft Beer industry is what is effecting their bottom line.  Texas is about to pass a law that will allow the local breweries to sell their beer directly, further marginalizing these pizz bottlers.

Yeah, their claims don't seem to hold waterbeer.

[IsailedawayfromFR]

The tariffs aren’t on beer.

Never said it was a tariff on beer, (although we do have one already on the books).

But don't you think a 25% increase in these items impact the US makers of beer?

https://qz.com/1312466/eu-tariffs-all-of-the-us-products-that-will-have-higher-duties/

[goatprairie]

The tariffs aren’t on beer.

They put beer into aluminum cans. The tariffs are on aluminum.

[thackney]

They put beer into aluminum cans. The tariffs are on aluminum.

With approximately a half-ounce of aluminum per can, or 32 cans per pound, that makes each one worth about 1.7 cents.

https://www.thepennyhoarder.com/make-money/aluminum-can-prices/

[IsailedawayfromFR]

With approximately a half-ounce of aluminum per can, or 32 cans per pound, that makes each one worth about 1.7 cents.

https://www.thepennyhoarder.com/make-money/aluminum-can-prices/

That tiny amount certainly will never justify the ranting going on right now by beer makers, who always have other package options to sell their beer.