Latest news with #BrewersofEurope
Russia Today
06-04-2025
- Business
- Russia Today
Trump's beer tariffs could hit 100,000 EU jobs
A trade group representing EU brewers has warned that a 25% tariff on imports of beer to the US may force companies to shut down and leave tens of thousands of people out of work, the Financial Times reported on Saturday. Earlier this week, the US Commerce Department added beer and empty aluminum cans to a list of derivative products subject to its tariffs on aluminum. Brewers across the EU are reportedly confused about whether the new tariff applies to all beer or only to products imported in aluminum cans. 'We are calling on the [European] commission to use all diplomatic channels and whether through negotiation or retaliation, find a way to de-escalate this tariff in which we have become a collateral victim,' Julia Leferman, secretary-general of Brewers of Europe told FT. The group, which represents major producers such as InBev, Heineken and Carlsberg, emphasized that the EU's directorate general for trade had contacted US officials, but had not yet received clarity on the scope of the tariffs. READ MORE: Trump says his tariff policies 'will never change' Brewers of Europe told the newspaper that local companies exported €870 million ($953 million) worth of beer to the US last year, and stressed that a loss of that business could eliminate 100,000 out of two million jobs in the industry. As part of a historic set of new tariffs, Trump announced 10% minimum duties on all imports and additional 'reciprocal' tariffs on dozens of countries he said had an unfair trade imbalance with the US. EU exports were hit with a higher 20% rate. The president argued that many nations were 'ripping off' America through 'harmful policies like currency manipulation and exorbitant value-added taxes.'
Yahoo
04-04-2025
- Business
- Yahoo
Teetotal Trump hits brewers with surprise beer can tax
Brewers have been hit by a surprise 'beer can tax' after it emerged that lager, stout and pale ale would incur a higher US tariff than other food and drink. Under sweeping global tariffs announced on Wednesday by Donald Trump, most food and drink imported into the US from Europe incurs a tariff of 20pc. A lower rate of 10pc applies to the UK. However, the small print of the new US tariff system shows that cans of beer will in fact be subject to the higher rate of 25pc that Mr Trump has applied to aluminium. Brewers have warned that the decision to extend the 25pc tariff to canned beers could cost thousands of jobs and hammer beer businesses across the UK and Europe. Emma McClarkin, the chief executive of the British Beer & Pub Association, said: 'A 25pc tariff on beer imported into the US is a direct hit to the brewers of the UK, who contribute so much to this country's economy and heritage. 'We urge the Government to defend the great British brewing industry and strike a deal which removes these harmful tariffs. 'With the enormous cost of doing business, many British brewers won't be able to sustain a hit such as this from one of our biggest trading partners.' European brewers are also lobbying Brussels to defend their interests amid warnings 100,000 jobs could be lost on the Continent – 5pc of all brewing jobs in Europe. Julia Leferman, the secretary-general of Brewers of Europe, told the Financial Times: 'We are calling on the [European] Commission to use all diplomatic channels and whether through negotiation or retaliation, find a way to de-escalate this tariff in which we have become a collateral victim.' Dutch brewer Heineken, Denmark's Carlsberg and Dublin-based Guinness are all significant exporters to the US and will be affected by the new tariffs. Brewers are not yet clear on some crucial details, such as whether the 25pc tariff will be charged on the value of the entire product or just on the value of the can. A BBPA spokesman said it looked from the US government's wording as if the former would be the case. Mr Trump is a self-proclaimed teetotaller. He has said in interviews that this is because his older brother, Freddie, was an alcoholic – a factor that contributed to his premature death. The president has said: 'It was a very tough period of time. If you don't start you're never going have a problem. If you do start you might have a problem. And it's a tough problem to stop.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Telegraph
04-04-2025
- Business
- Telegraph
Teetotal Trump hits brewers with surprise beer can tax
Brewers have been hit by a surprise 'beer can tax' after it emerged that lager, stout and pale ale would incur a higher US tariff than other food and drink. Under sweeping global tariffs announced on Wednesday by Donald Trump, most food and drink imported into the US from Europe incurs a tariff of 20pc. A lower rate of 10pc applies to the UK. However, the small print of the new US tariff system shows that cans of beer will in fact be subject to the higher rate of 25pc that Mr Trump has applied to aluminium. Brewers have warned that the decision to extend the 25pc tariff to canned beers could cost thousands of jobs and hammer beer businesses across the UK and Europe. Emma McClarkin, the chief executive of the British Beer & Pub Association, said: 'A 25pc tariff on beer imported into the US is a direct hit to the brewers of the UK, who contribute so much to this country's economy and heritage. 'We urge the Government to defend the great British brewing industry and strike a deal which removes these harmful tariffs. 'With the enormous cost of doing business, many British brewers won't be able to sustain a hit such as this from one of our biggest trading partners.' European brewers are also lobbying Brussels to defend their interests amid warnings 100,000 jobs could be lost on the Continent – 5pc of all brewing jobs in Europe. Julia Leferman, the secretary-general of Brewers of Europe, told the Financial Times: 'We are calling on the [European] Commission to use all diplomatic channels and whether through negotiation or retaliation, find a way to de-escalate this tariff in which we have become a collateral victim.' Dutch brewer Heineken, Denmark's Carlsberg and Dublin-based Guinness are all significant exporters to the US and will be affected by the new tariffs. Brewers are not yet clear on some crucial details, such as whether the 25pc tariff will be charged on the value of the entire product or just on the value of the can. A BBPA spokesman said it looked from the US government's wording as if the former would be the case. Mr Trump is a self-proclaimed teetotaller. He has said in interviews that this is because his older brother, Freddie, was an alcoholic – a factor that contributed to his premature death. The president has said: 'It was a very tough period of time. If you don't start you're never going have a problem. If you do start you might have a problem. And it's a tough problem to stop.'
