The Can Manufacturers Institute (CMI) has released a statement that expresses its disappointment that the Trump Administration has proceeded with its decision to impose tariffs on steel and aluminum.
“The US can manufacturers depend on stable, fair and robust markets for steel and aluminum to manufacture the 115 billion food, beverage, aerosol and general line cans Americans use every day,” says CMI President Robert Budway. “Our initial calculations are the tariffs will increase the cost of the can by nearly 1 cent. This 1 cent average increase translates into $1.5 billion that our industry and consumers will unnecessarily pay to the U.S. government.”