Wednesday evening, President Joe Biden gave his first address to a joint session of Congress to reiterate his legislative priorities as he marks his first 100 days in office. As we push to a return to normal and recover from the COVID-19 pandemic, the Biden administration can provide immediate stability and relief to struggling American businesses, workers and consumers by repealing the tariffs on aluminum.
According to the latest study conducted by Harbor Aluminum on behalf of the Beer Institute, from when the tariffs went into effect in March 2018 through December 2020, America’s beverage industries paid an additional $848.6 million in tariffs on the aluminum they purchased. I have heard from brewers large and small across the country who have seen their costs drastically increase because of the tariffs. The tariffs have forced brewers of all sizes to rethink their growth and long-term investment plans, which is precisely the opposite of what our economy needs right now. For example, Summit Brewing in St. Paul, Minnesota, had to reduce hiring and cut back on new projects because the implementation of the tariffs drove up the cost of aluminum.
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