AB InBev has stated that tariffs on aluminum announced by the new U.S. president Donald Trump are unlikely to significantly affect the prices of its U.S. beer brands, including Budweiser and Michelob Ultra, in 2025. However, the company warned that a more pronounced impact could be felt in 2026 if tariffs take full effect.
According to CEO Michel Doukeris, the company primarily sources prepared aluminum for its cans from local U.S. manufacturers, although these suppliers obtain raw materials from global markets. While tariffs could drive up the costs of prepared aluminum and other materials such as chemicals, the company has strategies in place to mitigate the impact.
AB InBev has indicated that hedging and productivity initiatives will help stabilize prices in the short term. The company also has additional measures at its disposal, including potential price increases for its products.
Despite these risks, Doukeris reassured that AB InBev has yet to make any definitive decisions regarding price adjustments. While craft brewers have voiced concerns over potential price hikes due to increased costs, AB InBev remains confident in its ability to manage the situation effectively for the coming year.
