Colorado breweries fret about tariffs amid trade war
The craft brewing industry in Colorado faces increased costs due to tariffs imposed by the Trump administration, exacerbating existing challenges from the pandemic. Bart Watson, president of the Brewers Association, describes these tariffs as "another straw on the camel's back," adding pressure to breweries already struggling with supply chain disruptions and declining sales. Senator John Hickenlooper, who previously owned a brewery, raises awareness about the potential price hikes for vital ingredients, equipment, and packaging due to these tariffs. Smaller breweries, particularly startups, are expected to be hit hardest, with the current aluminum tariffs being the most pressing issue. The uncertainty surrounding Canadian tariffs on barley, which constitutes 40% of craft brewers' supply, adds to the industry's woes.
Tommy Bibliowicz, co-owner of 4 Noses Brewing, shares his concerns about the unclear future and the potential need to adjust pricing strategies. He currently opts not to pass on additional costs to consumers, fearing it could hurt sales. As the situation evolves, local brewers remain anxious about the tariffs' long-term impact on their businesses.