Please use symbol entry at top right of page to search

Beer Institute Urges Immediate Removal of Section 232 Tariffs on Aluminum

WASHINGTON, June 06, 2022 (GLOBE NEWSWIRE) -- The Beer Institute, which represents the American brewing industry, released the following statement today in response to U.S. Commerce Secretary Gina Raimondo’s interview on CNN, where she discussed lifting some tariffs put in place by former-President Donald Trump.

 “We are disappointed the Administration continues to overlook the harmful impact of the Section 232 aluminum tariffs on American families and consumers, and especially American brewers,” said Beer Institute Director of Public Affairs Alex Davidson. “We agree with U.S. Commerce Secretary Gina Raimondo that tariff relief results in inflation relief, which is why we urge the Administration to lift the Section 232 tariffs and provide critical relief to American workers and domestic job creators.”

The American beverage industry has paid more than $1.4 billion in Section 232 aluminum tariffs since 2018. Of that $1.4 billion, $1.305 billion (92%) went to U.S. rolling mills, U.S. smelters and Canadian smelters – not the U.S. Treasury. Multiple organizations have stated that removing tariffs would bring down inflation, including the Progressive Policy Institute, which recently said, “Tariffs are easily the most regressive of all U.S. taxes, forcing the poor to pay more than anyone else.”  In March, the Peterson Institute for International Economics released a study discussing how trade liberalization, including lifting tariffs, would help reduce inflation.

 ###

 

The Beer Institute is a national trade association for the American brewing industry, representing brewers of all sizes, as well as beer importers and industry suppliers—an industry that supports more than 2 million jobs and provides more than $331 billion to the American economy. First founded in 1862 as the U.S. Brewers Association, the Beer Institute is committed today to the development of sound public policy and to the values of civic duty and personal responsibility. For additional updates from the Beer Institute, visit our website, follow @BeerInstitute on Twitter, like the Beer Institute on Facebook, and follow the Beer Institute on Instagram.

Image: https://www.globenewswire.com/newsroom/ti?nf=ODU2Njg4NCM0OTY2ODI5IzIyMjMwNzg=
Image: https://ml.globenewswire.com/media/ZWIxZGM5YjEtOGUyMy00YjlkLWE4ZTgtNGFkNGZlYTAzYzU3LTEyMzQ2MzE=/tiny/Beer-Insitute.png
Jeff Guittard
Beer Insitute
2027372337
jguittard@beerinstitute.org
Source: Beer Insitute

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.