Trump tariffs cause sleepless nights for the food & beverage industry! How will they manage the rising costs?
Donald Trump's 25 per cent tariff on imported aluminium and steel has left many domestic industries worried about price hikes of end products, including the food retail industry, as it is one of the largest consumers of these metals, relying heavily on imports. The local and small companies of soft drinks, beer, and pre-packaged foods are bracing for price rises. Although breweries have yet to receive feedback from can manufacturers on how they expect the tariff to impact aluminium can pricing, they hope for no positive effects.
"If everything goes up [to] 25 per cent, that's all the margin for a small business," said Matt Malloy, co-founder of Dorchester Brewing. "It becomes a push, and then it becomes not worth it any longer."
Two weeks earlier, a giant like Coca-Cola also warned of raising its aluminium-packaged products' prices to offset the tariff's impact or shifting to use plastics for its beverages.
Unlock full access – sign up for FREE.
Key benefits
Glaspray pioneers sustainable beauty with world’s first forged aluminium T6061 packaging
Next articleAprilia’s recent patent reveals new structural details featuring carbon-fibre & aluminium frame
Grow with
AL Circle
