MillerCoors expressed disappointment in President Trump’s decision to impose a 10 percent tariff on imported aluminum fearing job losses across the beer industry and increased prices.
The top U.S. beer brewing company released the statement Thursday afternoon, just hours after Trump announced that he would impose a 25 percent tariff on steel and a 10 percent tariff on aluminum imports next week.
In a three-part tweet statement, the beer company explained, while they won’t know the details of the tariff, they are “disappointed.”
MillerCoors statement: We are disappointed with President Trump’s announcement of a 10% tariff on aluminum. While we won’t know the details for a week, the Department of Defense recently reported that aluminum does not cause any national security issues. (1/3)
— MillerCoors (@MillerCoors) March 1, 2018
“Like most brewers, we are selling an increasing amount of our beers in aluminum cans, and this action will cause aluminum prices to rise. It is likely to lead to job losses across the beer industry,” the tweet statement continued.
Like most brewers, we are selling an increasing amount of our beers in aluminum cans, and this action will cause aluminum prices to rise. It is likely to lead to job losses across the beer industry. (2/3)
— MillerCoors (@MillerCoors) March 1, 2018
They concluded: “We buy as much domestic can sheet aluminum as is available, however, there simply isn’t enough supply to satisfy the demands of American beverage makers like us. American workers and American consumers will suffer as a result of this misguided tariff.”
We buy as much domestic can sheet aluminum as is available, however, there simply isn’t enough supply to satisfy the demands of American beverage makers like us. American workers and American consumers will suffer as a result of
this misguided tariff. (3/3)— MillerCoors (@MillerCoors) March 1, 2018
Headquartered in Chicago, MillerCoors produces popular domestic beers such as Miller, Coors, Blue Moon, and many others.
Since his campaign, Trump has promised to crack down on what he believes to be unfair trade practices, including steel and aluminum manufacturing deals.
