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Beer

Now that Donald Trump’s new tariffs against China are in effect, the question is what will this do to prices in the US. Here’s an article that lists what will probably increase in price the most:

TVs
Homes and home renovations
Washing machines
Solar panels
Cars
Beer
Cosmetics
Electronics
Clothing

People have been complaining that the cost of iPhones will go up, and they almost certainly will, but the item on this list that surprised me is “beer”. I’m not sure why tariffs against China will impact the cost of beer, but if this is true and it happens before the midterms, the GOP is definitely screwed.

American companies have already announced that the tariffs would likely force them to raise prices, including Walmart, Gap, Coca-Cola and General Motors.


Also published on Medium.

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2 Comments

  1. David Drymon wrote:

    So wages are stagnant, expenses will rise, and the federal deficit is rising. Federal programs will be cut. I’ve already adjusted my retirement account to brace for another crash like Bush’s crash in 2008. Everyone knows the economy is driven by consumer spending.
    So glad to have you back. Thank you!

    Wednesday, September 26, 2018 at 3:28 am | Permalink
  2. Beer increases will be due to the tariffs on metal, which impact both canning operations and kegs.

    Wednesday, September 26, 2018 at 12:06 pm | Permalink

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