Beer Institute CEO Discusses Aluminum and Steel Tariffs

The exemption on aluminum and steel tariffs expired on Canada, the European Union, and Mexico on May 31.

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.

According to the Beer Institute, the tariffs on imported aluminum and steel are expected to cost the beer industry an estimated $347 million.

Brewbound stopped by the Beer Institute’s Washington, D.C., offices to discuss the news with CEO Jim McGreevy.