New US tariff on aluminium cans, beer and automobiles: who will shoulder the burden between exporters and consumers?
As the world awaited the United States' reciprocal tariffs on April 2, 2025, President Donald Trump caught everyone off guard with a new move: a 25 per cent duty on imported beer & aluminium cans and assembled automobiles & car parts. This did not mean that Trump exempted his trade partners from reciprocal tariffs; rather, he simply added another surprise to the mix.
As per the report, tariff on beer and empty aluminium cans will take effect on Friday, April 4, at 12:01 a.m. Eastern Time, while cars and car parts will face the duty a day earlier. Already, this new tariff announcement has sent shockwaves through businesses worldwide, sparking speculation about the potential impacts on trade dynamics, price structures, and consumer sentiment.
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