Photo: Alexander Spatari/Getty Images

President Trump's aluminum tariffs have driven up the cost of cans and in turn have cost the beer industry nearly 40,000 jobs since 2016, reports Bloomberg.

Why it matters: A report from 2 trade groups said direct, indirect and induced jobs fell to 2.19 million in 2018 from 2.23 million in 2016. Though the industry claims it does not blame the slump entirely on Trump's tariffs, a spokesperson told Bloomberg that "brewers are making fewer investments because of the added cost of aluminum." Brewers are being forced to decide how they want to deal with the increased cost of aluminum, and it means either throwing the cost at consumers or laying off workers.

But, but, but: Tariffs aren't necessarily the only thing disrupting employment in the beer world, per Bloomberg. The total number of beer, wine and spirits cases consumed in the U.S. dropped 0.8% in 2018 — the third consecutive year of decline, per an IWSR report, which studies the beverage market.

Go deeper: U.S. lifts steel and aluminum tariffs on Canada and Mexico

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Trump signs 4 executive orders on coronavirus aid

President Trump speaking during a press conference on Aug. 8. Photo: Jim Watson/AFP via Getty Images

President Trump on Saturday signed four executive orders to provide relief from economic damage sustained during the coronavirus pandemic after talks between the White House and Democratic leadership collapsed Friday afternoon.

Why it matters: Because the Constitution gives Congress the power to appropriate federal spending, Trump has limited authority to act unilaterally — and risks a legal challenge if congressional Democrats believe he has overstepped.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 19,451,097 — Total deaths: 722,835 — Total recoveries — 11,788,665Map.
  2. U.S.: Total confirmed cases as of 2. p.m. ET: 4,968,413 — Total deaths: 161,858 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Public health: Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective.
  4. Science: Indoor air is the next coronavirus frontline.
  5. Schools: How back-to-school is playing out in the South as coronavirus rages on — Princeton, Johns Hopkins, Howard to hold fall classes online.
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What's next for Lebanon after the Beirut explosion

Photo: Houssam Shbaro/Anadolu Agency via Getty Images

Beirut residents are still clearing rubble from streets that appear war-torn, days after a blast that shocked the country and horrified the world.

Why it matters: The explosion is likely to accelerate a painful cycle Lebanon was already living through — discontent, economic distress, and emigration.