Anheuser-Busch InBev, the Belgian parent company of St. Louis-based brewer Anheuser-Busch, wants the U.S. to grant its allies permanent exemptions to a recent aluminum tariff, and the brewer believes Congress should investigate price spikes witnessed since the tariff was enacted.
When President Donald Trump introduced tariffs of 25 percent on steel and 10 percent on aluminum in March, the European Union, Canada, Mexico, Argentina, Brazil, Australia and South Korea were given temporary exemptions. Those are scheduled to expire May 1.
Carlos Brito, chief executive of A-B InBev, which sells many of its products in aluminum cans, said Wednesday that the tariffs are putting U.S. manufacturers at a disadvantage.
He also expressed concerned about a rise in what’s called the Midwest premium, a surcharge to cover aluminum delivery. It has more than doubled since January, from 9.4 cents to 21.5 cents.
Read more: St. Louis Post-Dispatch