12:06 PM EDT, 04/04/2025 (MT Newswires) -- The Brewers of Europe trade group warned of potential negative impacts of US President Donald Trump's 25% tariff on imported beers in a Friday statement, noting that the levy affects both the US and EU.

The trade group, whose members include Anheuser-Busch InBev ( BUD ) and Molson Coors Beverage ( TAP/A ) , said the tariffs will mainly impact about 10,000 breweries in Europe, with value chains that cover farmers of raw materials to bar staff.

According to the Financial Times, the Brewers of Europe flagged up to 100,000 job cuts from potential brewery closures in Europe due to the levies.

In its statement, the group said it was "seeking further clarity" on the tariffs' covered products and is urging stakeholders to "de-escalate and work towards a solution" to lower the tariffs on beer.

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