Are there benefits to Trump's tariffs?
Share and Follow


() While some U.S. businesses and consumers are worried about their bottom lines amid President Donald Trump’s trade war with Canada, Mexico and China, other companies and workers are welcoming the implementation of new tariffs.

Anheuser-Busch, which owns Budweiser and Michelob among other beverages, is reportedly thrilled about extra taxes on Mexican and Canadian beers.

Most of Anheuser-Busch’s beers are made in America, so if the prices of imported brews increase, the company could theoretically sell more of its brands.

Chief financial officer Fernando Tennenbaum told Yahoo Finance last month that “any exposure to tariff is very limited.”

Tennenbaum said 99% of what the corporation sells inside the United States is made domestically.

New steel and aluminum tariffs go into effect tomorrow, and some executives are pointing to subsidies and lower labor costs in countries like Canada as to why the tariffs should exist. They believe these tariffs will level the playing field.

America’s largest primary aluminum producer, Century Aluminum, applauded Trump’s initial reinstatement of a 25% tariff on primary aluminum imports in a news release last month.

“President Trump’s decisive action will protect national security and help level the playing field for America’s aluminum workers,” Century Aluminum CEO Jesse Gary said.

“On behalf of our employees, I thank President Trump for putting America first and strengthening the Section 232 tariffs, which will help drive the resurgence of domestic aluminum production.”

Despite concerns about an increase in the price of cars, some are in favor of the initiative.

United Auto Workers Union president Shawn Fain told ABC News that tariffs will benefit his colleagues greatly.

“Tariffs are an attempt to stop the bleeding from the hemorrhaging of jobs in America for the last 33 years,” Fain said, referencing the North American Free Trade Agreement, which began in 1992.

“Tariffs aren’t the end solution, but they are a huge factor in creating, fixing the problem,” he added.

Share and Follow
You May Also Like
Government shutdown why 'I'm in limbo': Rep.-elect Grijalva

Find Out When Arizona’s Adelita Grijalva Takes Office: Key Dates and Details

Adelita Grijalva, a Democrat from Arizona who was recently elected to the…
Jordon Hudson dodges encounter with Bill Belichick's daughter-in-law

NFL Star Jordon Hudson Narrowly Misses Meeting with Bill Belichick’s Family Member

Once marked by tension, the relationship between Jordon Hudson and Jennifer Schmitt,…
Hawaii locals rage as they are banned from flying state's flag

Hawaii Locals Outraged by New Ban on Flying State Flag: A Cultural Clash Unfolds

In Hawaii, a controversial decision by a homeowners’ association has sparked outrage…
Sussexes attended gala with Serena Williams before Kris Jenner's party

The Sussexes Join Serena Williams at Gala Ahead of Kris Jenner’s Exclusive Celebration

This past weekend in the UK, a somber atmosphere prevailed as the…
Appeals court refuses to block full SNAP payments 

Appeals Court Upholds Full SNAP Benefits in Latest Ruling

A federal appeals court delivered a blow to the Trump administration on…
Putin's HANDSHAKE with health expert sparks new debate over wellbeing

Putin’s Handshake with Health Expert Fuels Speculation on Russian Leader’s Wellbeing

A recent handshake between Vladimir Putin and a health expert has stirred…
Christine Pelosi announces she won't run for mom Nancy's House seat

Christine Pelosi Declines to Pursue Mother’s Legacy in Congress: What This Means for Nancy Pelosi’s Seat

Christine Pelosi has decided not to pursue her mother’s vacant congressional seat,…
Trump's historic cut to refugee program poised to face legal challenges

Legal Showdown Looms Over Trump’s Unprecedented Refugee Program Cuts

Refugee advocacy groups are contemplating legal action following President Trump’s decision to…