Varney & Co.
From the ICYMI files….
(…that’s In Case You Missed It for the uninitiated….)
…Ryan was on Varney & Co. on the Fox Business Network, discussing President Trump’s proposed tariffs on aluminum imports!
Ryan’s been relatively vocal in his opposition to these tariffs — which would impose a 10% increase in the cost of aluminum — having been previously interviewed for an article in The Washington Post.
“I appreciate what they are trying to do with tariffs,” he said in the article. “But it definitely has unintended consequences for small businesses like ours.”
Those “unintended consequences” can ka-ching to the tune of $30,000 in a year. In the county with the highest seasonal unemployment in the state, that’s one fewer job that we get to create — and, believe us, we could use the help.
While Stuart Varney was out for the day, Ryan sat down with Charles Payne to discuss the tariffs.
“You haven’t been able to pass that cost along?” Payne asked.
The truth is that we can’t. With nearly 7,000 breweries, beer is a tremendously competitive industry. We don’t have the efficiencies of larger brewers, so even a modest increase in the price of aluminum puts us between a rock and a hard place. We give up an investment in the brewery — either through equipment or personnel — and that’s a wasted opportunity.
There are proposed tariffs on barley, as well, which is getting far less play in the media, probably because people interact with aluminum far more than barley, or so they think. However, it’s — by far — the most common ingredient other than water used in beer. And, while we try to stay as local as possible, most of the malt used for production is grown in Germany.
“We’re all rooting for you,” Payne said. “We advocate small businesses around here, particularly those in New Jersey. And you’re leaving me with some brew? I hope this all works out for you…. It’s always great to see an American success story.”
Check out the video and pics below!