Trump's Aluminum Tax Could Make Your Beer More Expensive
- Consumers may pick up tab for import duties, Molson Coors says
- Investigations may lead to broad-based action, Macquarie says
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Donald Trump’s efforts to save American metal-making jobs by punishing cheap imports may come with an bitter side effect: pricier beer.
That’s the view of Tim Weiner, senior commodity risk manager at Molson Coors Brewing Co. and its MillerCoors LLC unit. “If there are duties on aluminum coming to this country, it will obviously get passed on to us and the customer,” he told an industry conference in Chicago Wednesday. “Our prices will go up.”