Tariffs Guzzling Profits, Beer Industry Group Says

The Trump administration’s steel and aluminum tariffs threaten to push off course the retooled North American Free Trade Agreement, business groups said at a hearing.

The deal—-which is on its way to be signed Nov. 30—won’t become effective until tariffs on the metal imports from Canada and Mexico are eliminated, private-sector witnesses told the International Trade Commission Nov. 16.

“Tariffs are taxes, and quotas limit growth,” Beer Institute President and Chief Executive Officer James McGreevy III said.

Aluminum Association President and Chief Executive Officer Heidi Brock underscored the need for full, quota-free tariff exemptions for Canada and Mexico. “The new ...