03/08/2018 | Press release | Distributed by Public on 03/08/2018 19:49
ALEXANDRIA, Va. - Today, the President of the United States signed two proclamations that will impose tariffs of 25 percent on imported steel and 10 percent on imported aluminum. Canada and Mexico received temporary exemptions.
NBWA remains concerned that these measures will harm U.S. industries, such as the American beer industry - including brewers, distributors, licensed retailers and consumers.
Make no mistake about it - tariffs amount to hidden taxes that will wind up being paid by American consumers. An increase in cost of goods sold is bad news for all tiers of the beer industry in the U.S. - including brewers, distributors and retailers - and bad news for the hardworking men and women across the country whose jobs depend on a vibrant and competitive industry.
NBWA applauds the efforts of more than 100 members of Congress who wrote to the White House expressing concerns that these tariffs would have unintended consequences.
NBWA, which represents America's 3,000 independent beer distributors from coast to coast, will continue to advocate for policies that support quality, local jobs; help build brands; generate consumer choice; and support business growth.