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Stock impact report

Trouble is brewing for local beer companies as Trump slaps tariffs on aluminum [MSNBC.com]

Molson Coors Beverage Company Class B (TAP) 
Last molson coors beverage company class b earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.molsoncoors.com/overview/default.aspx
Company Research Source: MSNBC.com
The math is tight for Thom Cheston. Standing inside the walk-in fridge that stores the beer to be shipped across the , area, he runs through a few numbers.He says his business, Right Proper Brewing, has to sell more than $6,000 of beer just to cover the taxes on his brewery. He’s hesitant to raise prices because his competitors, most notably the big breweries, might not. And so having to pay more for the aluminum cans that ship his brews is a scary proposition.President Donald Trump’s25% tariffs on steel and aluminum took effect Wednesday“We can’t raise our prices just because our costs have gone up,” Cheston said. “We may be on the shelf next to breweries that are much larger than us, that may be in a better position to absorb those costs, whereas we are not.”Cheston, like many small-business owners across the U.S., faces the prospects of rising costs in crucial pieces of the operations due to the escalating trade war that Trump has started with many of the U.S.’ biggest trading part Show less Read more
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