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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPete Coors, Trump supporter and manufacturer of beer often compared to mouse urine, got TRUMPED.
So its no surprise that the beer industry is united against President Donald Trumps plan to impose a 10 percent tariff on imported aluminum. Last week, Pete Coors, chairman of Molson Coors Brewing Co.a global behemoth that owns the US-based giant MillerCoorspublished a Wall Street Journal op-ed decrying the tariff. Coors, scion of a prominent right-wing Colorado brewing dynasty, is normally a Trump supporter. Back in June 2016, he co-hosted a $10,000-per-couple fundraiser for the then-upstart presidential candidate.
Since January, as the presidents tariff talk intensified, aluminum prices have risen in the US, even for domestic aluminum forged from scrap, Coors complained in the Journal. All told, he added, dislocations to the US aluminum market triggered by the tariff could cost cost his company tens of millions of dollars each year.
That amount of money is tiny in the grand scheme of the Coors conglomerates $1.4 billion in annual profit. Though the Beer Institute, the trade group that represents big producers like MillerCoors, claims the industrys annual hit will total $347 million, and put breweries at a competitive disadvantage to competitors like wine and spirits, which dont rely much on cans.
https://www.motherjones.com/food/2018/05/now-trump-is-coming-for-your-beer/
sakabatou
(42,202 posts)but do they listen? No.
RestoreAmerica2020
(3,439 posts)Initech
(100,139 posts)Sneederbunk
(14,319 posts)First aluminum can in 1958.
Brother Buzz
(36,498 posts)House of Roberts
(5,197 posts)It's how I open my Old Stock Ale.
packman
(16,296 posts)Probably brewed over it before he did it.
That's all - got no more
retread
(3,766 posts)cntrfthrs
(252 posts)you idiots voted for him, now take your medicine...
BigmanPigman
(51,651 posts)Cha
(298,019 posts)they can never have enough $$$$$.
Since January, as the presidents tariff talk intensified, aluminum prices have risen in the US, even for domestic aluminum forged from scrap, Coors complained in the Journal. All told, he added, dislocations to the US aluminum market triggered by the tariff could cost his company tens of millions of dollars each year.
That amount of money is tiny in the grand scheme of the Coors conglomerates $1.4 billion in annual profit. Though the Beer Institute, the trade group that represents big producers like Miller Coors, claims the industrys annual hit will total $347 million, and put breweries at a competitive disadvantage to competitors like wine and spirits, which dont rely much on cans.
From the link..
"For small or new breweries, that could mean laying off an employee, or delaying an expansion.
BigmanPigman
(51,651 posts)and passes it onto consumers, or he can cut the staff and salaries and benefits for those who remain, or better yet, all of the above.
Cha
(298,019 posts)I had a friend in Jr High who lived across from the Coors. I was in awe at the time.
Pete is probably their grandson.
Peter Hanson Coors (born September 20, 1946) is an American businessman and politician.
snip//
Coors faced Democrat and Colorado Attorney General Ken Salazar in the November 2004 election, but Coors was defeated by a margin of 51% to 47%.[9]
According to the non-partisan Center for Responsive Politics (CPS), Coors gave his own campaign $1,213,657 and received individual donations of $60,550 from other Coors family members. He was mentioned as a possible contender in the 2008 Senate election.[3]
snip//
On May 28, 2006, Coors was arrested by the Colorado State Patrol on suspicion of driving under the influence and registering a blood alcohol level higher than the legal limit (0.088).[10] Coors commented on the incident, saying, "I should have planned ahead for a ride. For years, I've advocated the responsible use of our company's products. That's still my message, and our company's message. I am sorry that I didn't follow it myself."
On August 25, 2006, Coors pleaded guilty to a lesser charge of driving while impaired. A judge sentenced Coors to 24 hours of community service, a suspended fine and ordered him to undergo alcohol education courses.
https://en.wikipedia.org/wiki/Pete_Coors
Sorry, just kind of interested because of growing up in Denver.. and I worked for May Coors Tooker in Valley Center, California(San Diego County) from 1985 to '87 at Little Creek acres, a Bio Dynamic Farm.. and her son Joe Tooker.
Adolf Coors II
Coors was a graduate of Cornell University, where he was a member of the Sphinx Head Society and the Beta Delta chapter of Beta Theta Pi. He became an accomplished chemist who worked in prominent positions in the family's brewing and porcelain operations. He married Alice May Kistler (18851970) of Denver[3] on May 4, 1912, at the Kistler home by Rev. Van Arsdall. The couple had four children: Adolph Coors III (19151960) who was kidnapped and killed in 1960; William K. Coors (1916), Joseph Coors (19172003), and May Louise Coors (19232008).
https://en.wikipedia.org/wiki/Adolph_Coors_II
BigmanPigman
(51,651 posts)in politics.
FSogol
(45,582 posts)Nice case of karma since the larger players are much more likely to support all things Trumpish.
Cha
(298,019 posts)bottles!
May the trump karma get 'em
Haggis for Breakfast
(6,831 posts)I thought it read "Moose" urine.
Where are my bi-focals . . . Pepsi is so sticky.
Volaris
(10,278 posts)ToxMarz
(2,169 posts)or "loan" one of his real estate scams some money. All their problems will simply disappear. MAGA!
KT2000
(20,604 posts)those poor billionaires.
ooky
(8,933 posts)And he should be arrested for stealing Colorado's water and selling it as beer.
DoctorJoJo
(1,134 posts)... when I found out you were a major Repuke supporter!
Totally Tunsie
(10,885 posts)He claims to have never touched alcohol of any type. Maybe that's part of his problem. If he'd relax with a beer now and then, he might not look so constipated.
In the meantime, he'll drive the rest of us to alcoholism!
SergeStorms
(19,204 posts)Don't cry the blues about how much money your "company" will be losing. You won't lose a penny. People will still drink your watered down swill at a higher cost.
And you still got your mammoth tax cuts, so you're much more wealthy now, you Trumptard. Go cry the blues somewhere else.