News

Tariffs could raise beer prices

Tariffs could raise beer prices

Photo: Shutterstock


(CAPITOL CITY NOW) – Whether you drink domestic beer or an import, there has been a worry about tariffs on raw materials.

“Currently, under the USMCA – the United States Mexico Canada Agreement – there was a concern on barley being taxed,” says Aaron Staples, an assistant professor of agribusiness management at the University of Illinois. “The Brewers’ Association estimates that roughly forty percent of the barley used by craft growers comes from Canada, so there was a lot of concern about that. Luckily, it is currently exempt.”

Staples says the beer business is not as it used to be.

“There is a rise in craft brewers, going from roughly 3,000 craft brewers in 2013 to close to 10,000 now,” says Staples. “There has been this pivot toward imported beers, with a market share in the U.S. by volume has increased from roughly fourteen percent to 24 percent, and a pivot toward Mexican lagers, for instance.”

Staples says eventually, brewers may have to pass on the increase to customers.

Staples’ study is here.

 

Recent Headlines

25 minutes ago in Entertainment, Music

For Demi Lovato, ‘It’s Not That Deep.’ Her new pop era, album and tour are reasons to celebrate

Fresh

On her ninth studio album, Demi Lovato has had a revelation: "It's Not That Deep." It's the title of her energetic dance-pop record, and a celebration of life's joys and messiness — all of which appear across its 11 tracks.

41 minutes ago in Entertainment

‘Chainsaw Man’ anime film topples Springsteen biopic and ‘Black Phone 2’ at the box office

Fresh

A big-screen adaptation of the popular anime "Chainsaw Man" has beaten out a biopic about the Boss and the horror sequel "Black Phone 2" to top the North American box office.

58 minutes ago in Trending, World

Melissa strengthens to a Category 5 hurricane and is forecast to make landfall in Jamaica

Fresh

Hurricane Melissa intensified to Category 5 strength Monday as it neared Jamaica, where forecasters said it would unleash catastrophic flooding, multiple landslides and extensive infrastructure damage.

3 days ago in Entertainment, Music

Miguel’s ‘CAOS,’ fueled by anger and angst, is his first studio album in nearly a decade

If you wondered why Miguel didn't release a studio album for nearly a decade, his response is simple: life.

4 days ago in Entertainment

Emma Stone and Jesse Plemons make the case for the wild ride that is ‘Bugonia’

"Bugonia" arrives in select theaters this weekend on a wave of good buzz and reviews after premiering at the Venice Film Festival. But it's also coming into a theatrical marketplace that has been, at best, tough on art films and awards hopefuls, no matter how starry or well-reviewed.