Articles Tagged with 'Government Affairs'

US Lifts Aluminum and Steel Tariffs on Canada, Mexico

US Lifts Aluminum and Steel Tariffs on Canada, Mexico

Nearly a year after imposing aluminum and steel tariffs against Canada and Mexico, the Trump administration today officially lifted levies imposed upon the two longtime trade allies. Ending tariffs on steel and aluminum imported from Canada and Mexico marks a significant moment for the beer industry, as about 43 percent of aluminum used by U.S. beverage companies comes from Canada, according to Washington, D.C.-based trade group the Beer Institute (BI).

Majority of US Senators Support Permanent Tax Reform for Brewers, Importers

Majority of US Senators Support Permanent Tax Reform for Brewers, Importers

A majority of U.S. Senators support making permanent excise tax relief for alcohol producers and importers. The 2019 version of the Craft Beverage Modernization and Tax Reform Act (CBMTRA) added its 52nd supporter in the U.S. Senate today, with Sen. Mazie Hirono (D-HI) becoming a co-sponsor. The legislation seeks to make permanent the two years of tax breaks that alcohol producers and importers received as part of the Tax Cuts and Jobs Act, which are slated to expire at the end of this year.

Congressional Members Urge DOJ to Investigate Midwest Premium

Congressional Members Urge DOJ to Investigate Midwest Premium

A bipartisan group of Congressional members have called on the Department of Justice (DOJ) to investigate potential irregularities in the aluminum market, which they say are causing the price of the metal used in beverage cans to surge. In the letter to Attorney General Jeff Sessions, U.S. Rep. Ken Buck (R-CO) and 31 additional congressional members pointed to “sharp increases” in the Midwest Premium — which represents the full logistics costs of shipping and storing metal in the U.S. — as the potential cause of aluminum pricing irregularities.

Beer Institute CEO Discusses Latest on Tariffs (Video)

Beer Institute CEO Discusses Latest on Tariffs (Video)

As the clock turned to midnight, the exemption on aluminum and steel tariffs expired on Canada, the European Union and Mexico. The levies imposed by President Donald Trump — 25 percent on foreign steel and 10 percent on aluminum — will now be collected from the nation’s trade allies, who have subsequently threatened to impose their own tariffs on U.S. exports. Brewbound stopped by the Beer Institute’s Washington, D.C., offices to discuss the news with CEO Jim McGreevy. Watch the video above.

Beer Institute Calls For Investigation into Aluminum Pricing

Beer Institute Calls For Investigation into Aluminum Pricing

In the continued fallout of President Donald Trump’s tariffs on foreign aluminum and steel, the Beer Institute (BI) is now calling on the Department of Commerce, the Department of Justice and the Federal Trade Commission to investigate anticompetitive activity in the aluminum market.

Pete Coors Calls on President Trump to End the Midwest Premium

Pete Coors Calls on President Trump to End the Midwest Premium

Molson Coors Brewing Co. chairman Pete Coors is grabbing headlines for the second consecutive week. Last Monday, Coors issued an “open letter” to the Brewers Association, chastising the trade group’s leaders over negative comments made about “big beer” during the annual Craft Brewers Conference. Now, Coors has scored himself an op-ed in the Wall Street Journal, and he’s turned his focus toward President Donald Trump and a recently imposed 10 percent tariff on imported aluminum.

FDA Menu-Labeling Requirements Finally Go into Effect

FDA Menu-Labeling Requirements Finally Go into Effect

The U.S. Food & Drug Administration’s new menu labeling rules took effect today, ushering in a new wave of requirements for chain retailers. Going forward, chain restaurants, grocery outlets, and convenience stores with more than 20 locations will be required to post caloric and nutritional information for beer as well as other food and drinks sold on-premise that are considered “standard menu items.”

Beverage Industry Trade Groups Fear Tariffs Will Cause Aluminum ‘Price Gouging’ as Brewers Face Increased Costs

Beverage Industry Trade Groups Fear Tariffs Will Cause Aluminum ‘Price Gouging’ as Brewers Face Increased Costs

Concerns over potential price gouging are mounting after President Donald Trump signed an executive order last Thursday to impose a 10 percent tariff on imported aluminum. In a letter sent yesterday to Secretary of Commerce Wilbur Ross, four beverage trade groups — the Beer Institute (BI), Brewers Association (BA), Can Manufacturers Association (CMI) and American Beverage Association — cited “major concerns about how the 10 percent tariff could cause price-gouging within aluminum markets.”