The Trump administration plans to implement 25% tariffs on aluminum and steel. The craft beer industry could be hit particularly hard by the tariffs.

President Donald Trump on Monday imposed 25% tariffs on all steel and aluminum imports to the United States. “This is a big deal," Trump said while signing the proclamations in the Oval Office. "The beginning of making America rich again."

Breweries have yet to hear from manufacturers how the tariff will affect pricing for cans and steel equipment such as kegs and fermenting tanks. But the numbers don’t look good for an industry facing economic headwinds.

President Donald Trump suggested imposing tariffs on auto imports, threatening to drive up the cost of cars further amid plans for tariffs on steel, aluminum, Canada, and Mexico. But economists and the insurance industry say that this will raise auto insurance costs.

Volkswagen's Audi will expand output in North America and Mercedes will boost its U.S. production as Europe's carmakers try to protect themselves against U.S. President Donald Trump's tariff threats.