'It's an unjustified tax': Craft beer brewers are caught up in Trump's trade war with China
Nationwide, the craft beer industry has exploded from about 1,500 breweries in 2000 to 7,450 in 2018.
Castore eventually sold his bar to focus on brewing and co-founded Seventh Son Brewing Co. in 2013. There were about seven breweries in the Columbus area when Seventh Son opened, Castore said. Today, there are 55 in central Ohio. Nationwide, the industry has exploded from about 1,500 craft breweries in 2000 to 7,450 in 2018.
"There's really likelihood that fewer brewers can open," said John Watt, founder of Stout Tanks and Kettles. "These are start-ups that a lot of the time are borrowing money from an uncle or parents. Darn near everything they need to buy is going to be impacted."The problems started for craft brewers more than a year ago, when Trump imposed a 25% tariff on steel and a 10% tariff on aluminum in March 2018.
"If it goes up another 20% we'll have to figure something out — we can't just keep eating it," he said. "We're a small independently owned family business so every penny matters," Burns said. "Not having a quarter of a million dollars is pretty significant. That's an opportunity to create two or three jobs; that's an opportunity to buy equipment and grow and generate revenue."Source: Night Shift BrewingThe business environment for craft brewers, particularly those just starting out, is about to get more challenging.
Night Shift, for example, has big plans to open a new facility in Philadelphia in 2020 that will have a 30,000 barrel capacity from day one and can scale up to 200,000 barrels.
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