ATLANTA — Bar owners and their customers are bracing for a possible spike in alcohol prices after President Donald Trump imposed 25% tariffs on Mexico and most Canadian imports.
“We probably sell more alcohol and beer and they’re talking about adding tariffs on beer,” said Richard Ramey, owner of The Atlanta Eagle bar.
Ramey told Channel 2’s Audrey Washington that the last thing he wants to do is raise prices on alcohol.
“Prices are going to get passed down to us and we are going to have to pass that to our customers,” Ramey said.
In retaliation, both Mexico and Canada responded to Trump by announcing their own tariffs. But recently the tariffs were delayed for 30 days as conversations with Trump continue.
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“Adding tariffs to all of these products, especially products that I sell, such as alcohol, is very disturbing,” Ramey said.
Professor of Economics at Kennesaw State University Roger Tutterow said people shouldn’t get alarmed just yet.
“That’s one of the effects of the tariff,” he said.
Tutterow said when a tariff goes into place, there are other adjustments that occur.
“The country that is producing the product that is being sold in the U.S., they can lower the price there and absorb some of the price of the tariff,” Tutterow said.
Ramey said he’s prepared for anything.
“At this moment we don’t know what the new prices will be, what the total impact this will have on our business,” Ramey said.
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