Businesses Worry About Impact Of New Tariffs On Consumers | NBC Nightly News

Businesses Worry About Impact Of New Tariffs On Consumers | NBC Nightly News


>>Reporter: THE PLAN
SET TO TAKE EFFECT IN
15 DAYS. SET TO TAKE EFFECT IN 15 DAYS. KRISTEN WELKER, NBC 15 DAYS. KRISTEN WELKER, NBC NEWS, THE WHITE HOUSE. KRISTEN WELKER, NBC NEWS, THE WHITE HOUSE.>>>IM MIGUEL NEWS, THE WHITE HOUSE.>>>IM MIGUEL ALMAGUER.>>>IM MIGUEL ALMAGUER. TONIGHT A TARIFF ON ALMAGUER. TONIGHT A TARIFF ON ALUMINUM IS THE TALK TONIGHT A TARIFF ON ALUMINUM IS THE TALK AT OSCAR BLUES BREWERY ALUMINUM IS THE TALK AT OSCAR BLUES BREWERY IN LONGMONT, COLORADO. AT OSCAR BLUES BREWERY IN LONGMONT, COLORADO. THE BEER THEY PACKAGE IN LONGMONT, COLORADO. THE BEER THEY PACKAGE IS CANNED. THE BEER THEY PACKAGE IS CANNED. NOW CONCERNS THIS IS CANNED. NOW CONCERNS THIS SMALL COMPANYS COSTS NOW CONCERNS THIS SMALL COMPANYS COSTS COULD BE BIG AND SMALL COMPANYS COSTS COULD BE BIG AND ULTIMATELY POUR DOWN COULD BE BIG AND ULTIMATELY POUR DOWN TO CONSUMERS. ULTIMATELY POUR DOWN TO CONSUMERS.>>INCREASING THOSE TO CONSUMERS.>>INCREASING THOSE COSTS OBVIOUSLY MAKES>>INCREASING THOSE COSTS OBVIOUSLY MAKES IT DIFFICULT FOR US TO COSTS OBVIOUSLY MAKES IT DIFFICULT FOR US TO INVEST IN GROWTH. IT DIFFICULT FOR US TO INVEST IN GROWTH. YOU KNOW, IN THE END, INVEST IN GROWTH. YOU KNOW, IN THE END, COULD BE SEEN AS AN YOU KNOW, IN THE END, COULD BE SEEN AS AN INCREASE TO THE CRAFT COULD BE SEEN AS AN INCREASE TO THE CRAFT BEER DRINKER. INCREASE TO THE CRAFT BEER DRINKER.>>Reporter: BIG BEER DRINKER.>>Reporter: BIG BUSINESSES LIKE>>Reporter: BIG BUSINESSES LIKE MILLERCOORS ARE ALSO BUSINESSES LIKE MILLERCOORS ARE ALSO WORRIED. MILLERCOORS ARE ALSO WORRIED. IN A STATEMENT SAYING, WORRIED. IN A STATEMENT SAYING, AMERICAN WORKERS AND IN A STATEMENT SAYING, AMERICAN WORKERS AND AMERICAN CONSUMERS AMERICAN WORKERS AND AMERICAN CONSUMERS WILL SUFFER AS A AMERICAN CONSUMERS WILL SUFFER AS A RESULT OF THIS WILL SUFFER AS A RESULT OF THIS MISGUIDED TARIFF. RESULT OF THIS MISGUIDED TARIFF. LAST YEAR THE U.S. MISGUIDED TARIFF. LAST YEAR THE U.S. IMPORTED $48 BILLION LAST YEAR THE U.S. IMPORTED $48 BILLION OF STEEL AND ALUMINUM IMPORTED $48 BILLION OF STEEL AND ALUMINUM GOODS. OF STEEL AND ALUMINUM GOODS. AT CALIFORNIAS STEEL GOODS. AT CALIFORNIAS STEEL INDUSTRIES, THE AT CALIFORNIAS STEEL INDUSTRIES, THE LARGEST STEEL MILL IN INDUSTRIES, THE LARGEST STEEL MILL IN THE WESTERN UNITED LARGEST STEEL MILL IN THE WESTERN UNITED STATES, THEY DEPEND ON THE WESTERN UNITED STATES, THEY DEPEND ON IMPORTED STEEL FROM STATES, THEY DEPEND ON IMPORTED STEEL FROM MEXICO, BRAZIL AND IMPORTED STEEL FROM MEXICO, BRAZIL AND JAPAN TO MAKE SHEET MEXICO, BRAZIL AND JAPAN TO MAKE SHEET METAL FOR EVERYTHING JAPAN TO MAKE SHEET METAL FOR EVERYTHING FROM BUILDINGS TO METAL FOR EVERYTHING FROM BUILDINGS TO BRIDGES. FROM BUILDINGS TO BRIDGES. THE COST OF DOING BRIDGES. THE COST OF DOING BUSINESS WOULD STIFLE THE COST OF DOING BUSINESS WOULD STIFLE BUSINESS. BUSINESS WOULD STIFLE BUSINESS. AT FOES RACING THEY BUSINESS. AT FOES RACING THEY MAKE ALUMINUM MOUNTAIN AT FOES RACING THEY MAKE ALUMINUM MOUNTAIN BIKES. MAKE ALUMINUM MOUNTAIN BIKES.>>WELL SEE MATERIAL BIKES.>>WELL SEE MATERIAL COSTS GO UP AND YOU>>WELL SEE MATERIAL COSTS GO UP AND YOU SEE THE CONSUMER COSTS GO UP AND YOU SEE THE CONSUMER TURNING AWAY. SEE THE CONSUMER TURNING AWAY.>>Reporter: PRICES TURNING AWAY.>>Reporter: PRICES EXPECTED TO RISE FOR>>Reporter: PRICES EXPECTED TO RISE FOR PRODUCTS LIKE SODA EXPECTED TO RISE FOR PRODUCTS LIKE SODA CANS, ELECTRONICS, PRODUCTS LIKE SODA CANS, ELECTRONICS, EVEN CARS. CANS, ELECTRONICS, EVEN CARS. TONIGHT THE EUROPEAN EVEN CARS. TONIGHT THE EUROPEAN UNION IS THREATENING A TONIGHT THE EUROPEAN UNION IS THREATENING A RETALIATION TAX ON UNION IS THREATENING A RETALIATION TAX ON AMERICAN-MADE PRODUCTS RETALIATION TAX ON AMERICAN-MADE PRODUCTS LIKE BOURBON, ORANGE AMERICAN-MADE PRODUCTS LIKE BOURBON, ORANGE JUICE, EVEN PEANUT LIKE BOURBON, ORANGE JUICE, EVEN PEANUT BUTTER. JUICE, EVEN PEANUT BUTTER. CALIFORNIA FARMER BUTTER. CALIFORNIA FARMER STEWART WOLF SENDS CALIFORNIA FARMER STEWART WOLF SENDS TWO-THIRDS OF HIS STEWART WOLF SENDS TWO-THIRDS OF HIS ALMOND CROP OVERSEAS. TWO-THIRDS OF HIS ALMOND CROP OVERSEAS.>>WE ARE IN THE ALMOND CROP OVERSEAS.>>WE ARE IN THE BUSINESS OF MANAGING>>WE ARE IN THE BUSINESS OF MANAGING UNCERTAINTY AND BUSINESS OF MANAGING UNCERTAINTY AND MANAGING RISK. UNCERTAINTY AND MANAGING RISK. THIS IS A RISK THAT WE MANAGING RISK. THIS IS A RISK THAT WE REALLY CANT MANAGE. THIS IS A RISK THAT WE REALLY CANT MANAGE.>>Reporter: AT STEEL REALLY CANT MANAGE.>>Reporter: AT STEEL PLANTS LIKE THIS ONE,>>Reporter: AT STEEL PLANTS LIKE THIS ONE, WHERE THEYRE PLANTS LIKE THIS ONE, WHERE THEYRE PROCESSING STEEL-TOED, WHERE THEYRE PROCESSING STEEL-TOED, THE IMPACT OF NEW PROCESSING STEEL-TOED, THE IMPACT OF NEW TARIFFS IS UNCLEAR, THE IMPACT OF NEW TARIFFS IS UNCLEAR, BUT THE UNCERTAINTY

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