Study: Tariffs have potential to reshape US beer market
The ripple effects of increased tariffs under President Trump could extend to the $117 billion U.S. beer market, according to new research from a University of Illinois Urbana-Champaign agricultural economist who studies food supply chains.
While tariffs could stimulate increased domestic beer production, any gains in domestic market share would most likely be concentrated among a few multinational firms rather than the nearly 10,000 small, independently owned craft breweries, said Aaron Staples, a professor of agribusiness management.
Story Source(s)