President Trump's announcement of a 25% tariff on all imported steel and aluminum is set to increase costs for manufacturers of cans used in food and beverages. Experts warn that these rising costs will ultimately be passed to consumers, exacerbating inflationary pressures already felt. The craft beer industry faces particular challenges amid increasing competition and cost pressures, with some producers fearing reduced sales if they must raise prices. The U.S. produces billions of metal cans annually, heavily reliant on these foreign materials, making the tariff's impact significant.
"We just don't have any more room to give without raising pricing. And if we raise price, I know that with people's buying power being less today, our volumes will decrease."
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