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Tariffs Raise the Price of a Beer? Say It Ain’t So!

Al Root

“The Section 232 aluminum tariffs are a $350 million annual tax on beer,” Beer Institute President Jim McGreevy tells Barron’s. “That’s a drag on beer that wine and other spirits don’t have. McGreevy is referring to Section 232 of the Trade Expansion Act of 1962, which says a U.S. president can impose tariffs on foreign goods in the interest of national security. President Donald Trump imposed tariffs on imported steel and aluminum in March 2018, leading to a 35% increase in the price of aluminum shortly thereafter.