Bill (05-23-2019), ThatOwlWoman (05-23-2019)
U.S. Beer Industry Blames Trump Tariffs for 40,000 Job Losses
Source: Bloomberg
The U.S. beer industry is blaming a jobs hangover on the Trump administration’s tariffs.
A report by two trade groups showed U.S. beer-industry jobs dropped 40,000 since 2016 as metal tariffs boosted aluminum-can costs, leading to a drop in investment. The biennial study by the Beer Institute and National Beer Wholesalers Association said direct, indirect and induced jobs fell to 2.19 million in 2018 from 2.23 million in 2016.
“Aluminum tariffs are increasing brewers’ costs and are an anchor on a vibrant industry,” Jim McGreevy, the chief executive officer of the Beer Institute in Washington, said in an emailed statement. “Each brewer is deciding for themselves how to absorb that expense, whether it’s raising prices, laying off workers or delaying innovation and expansion.”
Aluminum traders expect higher costs to ship metal into U.S. Midwest
The shipping and logistics charge for delivering aluminum to the U.S. Midwest, known as the “premium,” more than doubled as Trump slapped a 10% tariff on imports of the metal. Molson Coors Brewing Co. estimated last year that the levies would create a $40 million hit to its bottom line.
[link avail upon req]
Bill (05-23-2019), ThatOwlWoman (05-23-2019)
remember when the republican party used to HATE tariffs
ThatOwlWoman (05-23-2019)
Question? What are these evil corporations doing using IMPORTED metals in the first place? Just think of all the JOBS they are costing the BULE COLLAR WORKERS of the United States....as if the US does not have the manpower or technology to make its own products? Thanks BLOW JOB BILL and NAFTA, Thanks China Joe and coke head Hunter Biden...…….
Personal opinion? I think the only one's that are really going to be effected are the Alcoholics in training. What's a few pennies among drinking pals?
Grokmaster (05-23-2019), Truth Detector (05-24-2019)
Good thing we're ADDING MILLIONS of JOBS ANNUALLY , HUH, WITH WAGE INCREASES HIGHER THAN ANY TIME IN THE PAST DECADE....
And as far as aluminum:
US lifts steel and aluminum tariffs on Canada and Mexico
https://www.cnn.com/2019/05/17/polit...ico/index.html
Apparently the "Beer Industry" was indulging heavily in its OWN PRODUCTS when they came up with this MATHEMATICALLY IMPOSSIBLE "conclusion": (from the Bloomberg article YOU CITED in the OP )
The shipping and logistics charge for delivering aluminum to the U.S. Midwest, known as the “premium,” more than doubled as Trump slapped a 10% tariff on imports of the metal. Molson Coors Brewing Co. estimated last year that the levies would create a $40 million hit to its bottom line.
A 10% increase in costs, made costs rise MORE THAN 200% . YEAH...that's a credible claim. Leftgoofymath.
Last edited by Grokmaster; 05-23-2019 at 05:45 PM.
TRUMP WILL TAKE FORTY STATES...UNLESS THE SAME IDIOTS WHO BROUGHT US THE 2020 DUNCE-O-CRAT IOWA CLUSTERFUCK CONTINUE THEIR SEDITIOUS ACTIVITIES...THEN HE WILL WIN EVEN MORE ..UNLESS THE RED CHINESE AND DNC COLLUDE, USE A PANDEMIC, AND THEN THE DEMOCRATS VIOLATE ARTICLE II OF THE CONSTITUTION, TO FACILLITATE MILLIONS OF ILLEGAL, UNVETTED, MAIL IN BALLOTS IN THE DARK OF NIGHT..
De Oppresso Liber
canceled.2021.2 (05-23-2019), dukkha (05-24-2019), Truth Detector (05-24-2019)
Grokmaster (05-23-2019)
As you obviously don’t know, economics is more complicated then your brain can handle. If you think there is one factor for the decline in sales in the beer industry your more stupider than I thought.
Your only goal is to find something against Trump.
Yes, tariffs are a factor, but you failed to mention a few other things.
You failed to mention that US beer volume has declined for the last five years.
The biggest brand names had a 17% sales drop from 2012 to 2017 (must be Obama’s fault)
People are healthier and are staying away from the carbs and calories and are finding other alternatives to beer such as wine.
Also drought and heat has resulted in decreased barley yields by 17% increasing the price of beer.
I’m sure there are other factors but I don’t have the time to research and I think it would be a waste of time since you met your goal to get Trump.
Suck it up and start to buy American made products.
Unfortunately, I might be responsible for putting a dent in the domestic beer industry profitability.U.S. Beer Industry Blames Trump Tariffs for 40,000 Job Losses
Source: Bloomberg
Compared to my prodigious beer consumption prior to 2016, I am practically a teetotaler now, and likely depriving American brewers of vast profits.
Another slap in the fact to domestic beer, is when I do drink it is almost always beer from Quebec, Mexico, or Russia.
Wrapping up: I will plead guilty to helping Trumpf bleed the American beer industry dry.
cancel2 2022 (05-24-2019)
Bill (05-23-2019), Phantasmal (05-23-2019), ThatOwlWoman (05-23-2019)
Truth Detector (05-24-2019)
If you’re drinking beer out of a can, you’re probably drinking shit beer.
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