News Industry Faces Swings in Trade War

President Donald Trump lifted steel and aluminum tariffs on Canada and Mexico on Friday which will provide some relief to the beverage industry. The Beer Institute has estimated that 43% of aluminum used by beverage companies in the U.S. comes from Canada.

The tariffs have been in place for a year and will be removed this week.

Meanwhile, the president escalated his trade war against China over the weekend by increasing levies on some Chinese goods, which could lead to another round price increases on brewing equipment from China.

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