When President Trump announced that the United States will impose a 25% tariff on $50 billion of imported Chinese products, they initially included items that are used by the brewing industry. But as of right now, those items have been removed.
The United States Trade Representative (USTR) listened to representatives from various trade associations and other business groups. 515 items were removed from the list and 284 new items were added. For the most part, the listed items are industrial and electronic goods. Amongst the items that were removed include steel products that are used in brewing.
The USTR will begin collecting tariffs on $34 billion of products on July 6 but there will be a comment period for the $16 billion of new items.
In response, China has announced retaliatory tariffs on $34 billion of US products and plan to increase that amount to $50 billion. No brewing products are included in their lists.
However, that isn’t to say the tariffs won’t negatively impact the brewing industry. It’s possible the brewing products could be returned to the list at a later date. And the announced tariffs on imported aluminum will likely cause the price of beer to increase.
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