Donald Trump’s trade policies have selected winners and losers among US companies and manufacturers. Now fresh evidence of the price hikes caused by his 10% tariffs on aluminum imports — much of which the Biden administration has kept — is coming from the US beverage industry.
Citing national security with little evidence, President Trump used Section 232 of the Trade Expansion Act to impose tariffs on steel and aluminum from most countries in March 2018. Data calculated by Harbor Aluminum for the Beer Institute and released Thursday shows that U.S. beverage makers have since paid $1.4 billion in aluminum tariffs under Section 232 through February 2022.
https://www.wsj.com/articles/aluminum-tariffs-beer-beverage-makers-section-232-donald-trump-joe-biden-trade-11649867329 Of trade war and prices