A vancouver beer company provides for an increase in price of their cans, as steel and aluminum prices come into force.
“At the end of the month, we are currently planning that the price of our cans will increase approximately 10% just due to the increase in the price of aluminum, then 25 or 50% price in addition to that, that we do not know exactly what it will be right now,” said Adam Henderson with superflux Beer Company to Global News.
“It is therefore quite substantial.”
Superflux uses aluminum cans, which are free trade products.
Canadian aluminum is transformed into cans in the United States and sold to Canadian companies to sell to consumers.
The prices implemented by US President Donald Trump and the Canadian Federal Government Countertrasts increase costs and uncertainty.
On Tuesday, Trump was launched the trade war, which launched another cervical boost cycle when pricing policy has changed three times in less than eight hours.
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First, the president published on social networks that aluminum and steel prices would double on Wednesday 25% offered to 50%.
This decision responded to the announced overload of Doug Ford of Ontario on Ontario electricity exports.
Later in the day, Ford said his government suspended its 25% supplement on electricity exports To three American states after obtaining a meeting in Washington with the Secretary of Commerce.
Trump then said that aluminum and steel prices would remain 25% at 9:01 p.m. on Tuesday.
Economists say that constant comings and goings make everyone from small local operators to huge multinational companies, brake new investments.
“One of the effects of this is that it is absolutely attenuating investments and that it slows decision -making in many companies,” said Jock Finlayson, chief economist of the Independent Contractors and Business Association.
According to estimates, Canada exports $ 35 billion a year of steel and aluminum in the United States
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