Economy
June 4, 2018
Can Industry: Tariffs are a Tax on Tinplate
Written by Tim Triplett
The U.S. packaging industry, which relies on imports of tinplate, is among the many concerned about the effects of President Trump’s tariffs on steel and aluminum imports.
The Can Manufacturers Institute estimates that 42 percent of tinplate steel needs to be imported to manufacture food cans for American consumers. More than 60 percent of primary aluminum needs to be imported from foreign sources to produce aluminum can sheet used to manufacture beverage cans. The tariffs stand to reduce the supply and raise the price of tinplate products in the U.S.
