Picture this: your favorite canned soda, soup, or veggies getting pricier overnight. 💥 That’s the warning from U.S. businesses after former President Donald Trump announced a 25% tariff on imported steel and aluminum with no exceptions this time. Analysts say this could hit everyone from craft beer lovers to budget shoppers.
Why Cans Are in the Crosshairs
About 70% of steel for U.S. food cans comes from abroad—think Germany, Canada, and the Netherlands. 🇩🇪🇨🇦🇳🇱 The Can Manufacturers Institute warns prices will rise without tariff exclusions like those granted in 2018. Coca-Cola’s CEO James Quincey hinted at switching to plastic if aluminum costs soar, while craft brewers fear higher can prices could hurt their $1.7B industry.
Small Businesses Sound the Alarm
Illinois craft brewers tweeted: \"Our small brewery owners and customers will pay the price.\" 🍺 With 75% of their sales relying on aluminum cans, even minor cost hikes could ripple through local economies. Canada, a key steel supplier, adds another layer to this trade tangle.
What’s Next?
While the tariffs aim to protect U.S. steelmakers, critics argue they risk food security and everyday affordability. Will your pantry staples get caught in the crossfire? 🤔 Stay tuned as businesses adapt—and prices shift.
