JACKSONVILLE, Fla. – A trade war between the United States and China could cause prices on common goods to go up, according to many analysts and lawmakers, including U.S. Sen. Bill Nelson.
Nelson, D-Florida, met with executives of the Anheuser-Busch facility in Jacksonville on Monday, telling them he fears serious consequences from the Trump administration's tariffs on steel and aluminum.
President Donald Trump is imposing a 25 percent tax on steel coming into the U.S., and a 10 percent tax on aluminum in hopes of boosting the American metal industry.
On Monday, the Chinese government retaliated with tariffs on 128 different types of good coming from the U.S.
According to Nelson, the taxes could have a big impact in Northwest Florida.
Jacksonville has two Anheuser-Busch facilities: One on the city's Northside where beer is brewed, and the second on the Westside where cans are made.
Both facilities are busy operations that employ 800 people in the River City, and 920 across the state. They produce about 3.3 billion bottles and cans of beer every year, supplying much of the Southeast.
When Nelson met Monday afternoon with executives of the Budweiser brewer and toured their facility, he talked with managers about the potential impacts of a "trade war."