How top beer company is responding to tariffs

Caroline Woods brings you the biggest news of the day, including how one Canadian brewery is dealing with tariffs.

Transcript

00:00As new tariffs loom over some of the U.S.'s biggest trade partners,

00:04one Canadian company is trying to relieve some of the stress its customers might endure.

00:09Moosehead Breweries, Canada's oldest brewery,

00:12is now selling a giant crate equipped with 1,461 beers.

00:18If you're doing the math at home, that comes out to one beer a day

00:21for the duration of Donald Trump's second term.

00:24The brewery, founded in 1867,

00:27released a statement saying,

00:28if the start of 2025 has taught us anything,

00:31it's that it will take determination to weather four years of political uncertainty

00:36and what better way to make it through each day than with a truly Canadian beer.

00:41Moosehead itself will be impacted by the new tariffs when they kick in.

00:45The company will face a new 10% hike on aluminum lids,

00:48lids it claims it can only purchase from the U.S.

00:51Moosehead also says 20% of its beer is sold in the States

00:55and those exports could be hit by the tariffs.

00:59Dubbed the Presidential Pack,

01:01the $2,400 crate is available in the Canadian provinces of

01:05Ontario, New Brunswick and Nova Scotia.

01:08That'll do it for your daily briefing from the New York Stock Exchange.

01:11I'm Caroline Woods with The Street.