See Foot. Shoot Foot. 0
The Inky reports that Donald Trump’s tariffs, if enacted, are likely to destroy the last U. S. company making kegs and making them with American steel to boot. A nugget:
This will be a pivotal year for American Keg, which Czachor said is losing between $50,000 and $100,000 every month.
But if the price of imported steel is inflated with a defacto tax, shouldn’t that make American-made products more competitive?
No. And the reason is counterintuitive, said Czachor. He believes the cost of American steel will rise while “American businesses will suffer,” he said.
“If there were no tariffs, that would keep the domestic steel prices lower,” Czachor said. “We understand the administration is trying to solve a problem, but it is not holistically getting addressed.”
