The US announcement of 20% reciprocal tariffs on all EU products will create losers on both sides, across the society and economy.
However, it is the addition of Beer to Annex 1 on aluminium derivative products facing a 25% tariff that is particularly concerning to Europe’s ten thousand breweries. The US is European brewers’ second most important export market for beer in both value and volume terms. We are currently seeking further clarity on the exact products captured by this new announcement.
Brewing is a key driver of growth, investment and employment on both sides of the Atlantic and a major part of people’s lives on both continents.
With value chains that stretch from the farmers grafting in the fields to the hardworking staff in the bars, it is critical to de-escalate and work towards a solution that cuts tariffs on beer and thus benefits consumers, workers and businesses in both the EU and the US.
Contact:
Simon Spillane, sws@brewersofeurope.org, @brewersofeurope
About The Brewers of Europe:
Based in Brussels, The Brewers of Europe brings together national brewers’ associations and companies from 28 European countries to support the united interests of Europe’s 10,000+ breweries. Our vision is to ensure a competitive, responsible and sustainable European brewing sector, creating shared value across the entire value chain and enriching European culture.