NEW YORK: The US beer industry is blaming a jobs hangover on the Trump administration’s tariffs.
A report by two trade groups showed US beer-industry jobs dropped 40,000 since 2016 as metal tariffs boosted aluminum-can costs, leading to a drop in investment.
"Aluminum tariffs are increasing brewers’ costs and are an anchor on a vibrant industry,” Jim McGreevy, the chief executive officer of the Beer Institute in Washington, said in an emailed statement. The shipping and logistics charge for delivering aluminum to the U.S. Midwest, known as the"premium,” more than doubled as Trump slapped a 10% tariff on imports of the metal.
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