U.S. imposes high tariffs on Chinese-made stainless

?

????The US government imposed a 79.7% tariff on Chinese-made beer kegs. In addition, stainless steel beer kegs made in Germany and Mexico were also hit by the new tariffs, which were 8.6% and 18.5% respectively. The Pennsylvania-based 'American Beer Barrels' website states that it is the only stainless steel beer barrel maker in the United States. But in order to meet the demand for beer kegs of various sizes and styles, the company will 'continue to source and import beer kegs from abroad, while increasing local beer keg production capacity.'

????The U.S. Department of Commerce states that refillable stainless steel beer kegs imported by the United States from China, Germany, and Mexico are worth $ 18.1 million, $ 11.8 million, and $ 5.7 million, respectively.

Stainless steel beer barrel

????China ’s stainless steel beer barrels account for one-third of the world ’s output. With the uncertainty of the Sino-US trade friction policy, Chinese stainless steel beer barrel manufacturers should increase investment in technology research and development, reduce production costs, and expand the development of emerging markets. Opportunities lay the foundation for the sustainable and healthy development of the industry.

????According to the latest Rabobank industry report entitled “Craft Beer Will Cross the Great Wall” (hereinafter referred to as the report), China ’s beer market is showing a high-end development trend, and craft beer has grown significantly, and it is expected to gain attention in the future . The report shows that China's beer market is mature and far surpasses other Southeast Asian countries. At present, China's per capita beer consumption amounts to 36 liters, exceeding the world average, and the overall market value and profitability have improved significantly. However, there are large differences between regions. Per capita beer consumption in developed eastern provinces is much higher than in western regions, but the growth is weak. Currently, beer production in Beijing is lower than 2006 levels. In contrast, beer production in Qinghai Province has increased by 180% over the past decade. Therefore, in the future, domestic stainless steel beer barrel manufacturers can actively lay out the domestic market. Under the market environment of domestic consumption upgrade, there is still a lot of room for development.