140%. that spike is directly tied to the tariff announcement. a frustration for coors, a republican who held a fundraiser for president trump. and i love what the president s done in most cases. but the tariff is is basically a tax on people who use aluminum. reporter: phillip luck, an economist at the university of colorado denver, believes it is the tariffs themselves that will inevitably lead to higher beer prices. the main problem here again is the uncertainty generated about the tariffs. reporter: coors says half of their customers make $50,000 or less. according to luck, when it comes to beer, this policy could hurt working class americans the most. you could definitely make the argument that imposing these types of tariffs is going to hurt the types of people you claim to want to be helping. reporter: jim phillips is a union carpenter who prefers beer in a can in part because it s cheap. i m not happy. i m not going to be happy about it. reporter: phillips beli
hurt working class americans the most. you could make the argument imposing the tariffs is going to hurt the types of people you claim to help. reporter: jim prefers beer in a can because it s cheap. i m not going to be happy about it. reporter: if they connect the hike to president trump, it could lead some to re-evaluate their vote. by midterm election, we ll see how it goes. does he stick with the plan of the tariff? chris johnson, the manager of the candlelight tavern in denver may not notice the price going up. the economy is good so people don t complain as much. reporter: pete can coors hopes it doesn t come to that. he s spoke to vice president mike pence about the concerns. at this point, there are no plans for the administration to intervene. economists argue if the tariffs remain in place, it s not a question of if beer prices will
product is sold in cans, many reduced in the largest can plant in the world, which generates 13 million cans a day. the overall cost of aluminum is bumped up a small amount, a surcharge called the premium and added cost for shipping and storing aluminum spiked close to 140%. that spike is directly tied to the tariff announcement. a frustration for coors, a republican who recollects hehel fund-raiser for president trump. the tariff is a tax on people who use aluminum. reporter: philip, an economist at the university of colorado, denver, believes it is the tariff that is will lead to higher beer prices. the main problem here, again, is the uncertainty generated. reporter: coors says half of their customers make $50,000 or less. when it comes to beer, it could
input. only about 140,000 people who work directly in steel. we re seeing the impact just ripple across the industries. and i think another important thing to note with this is that it s likely to raise consumer costs. i mean, that 10% increased input for aluminium, that s going to drive up canned beer prices. these are commodities that people like. paul: trump voters, they do eat canned goods. they do drink beer. those costs are going up, bill, as the price of everything. everything. i mean, that s the problem. it s the law of the commons. you benefit a few at the expense of the many. and the reason you can do it politically is that the many are dispersed whereas the beneficiaries are quite small and you can target them; right? paul: but just think about that for a second. you can target them but the damage is going to be fairly extensive. absolutely. but it points to i think the larger political problem with trade, which is that other countries do cheat and do give unfair subsidi
input. only about 140,000 people who work directly in steel. we re seeing the impact just ripple across the industries. and i think another important thing to note with this is that it s likely to raise consumer costs. i mean, that 10% increased input for aluminium, that s going to drive up canned beer prices. these are commodities that people like. paul: trump voters, they do eat canned goods. they do drink beer. those costs are going up, bill, as the price of everything. everything. i mean, that s the problem. it s the law of the commons. you benefit a few at the expense of the many. and the reason you can do it politically is that the many are dispersed whereas the beneficiaries are quite small and you can target them; right? paul: but just think about that for a second. you can target them but the damage is going to be fairly extensive. absolutely. but it points to i think the larger political problem with trade, which is that other countries do cheat and do give unfair subsidi