American beer brewers got more bad news Thursday, as the Trump administration announced it would end the exemption from steel and aluminum tariffs for Mexico, Canada and the European Union.
Tariffs on global aluminum and steel went into effect March 23, but aluminum prices had already spiked after President Donald Trump preliminarily announced them in early March. Mexico, Canada and the European Union have all subsequently responded with retaliatory tariffs against American products.
Earlier this month, Jim McGreevy, president and CEO of Washington, D.C.-based trade association the Beer Institute, said that aluminum prices have increased by 135 percent since the start of 2018.
