U.S. President Donald Trump's threat to impose 200% tariffs on alcohol from Europe would serve a major blow to drinks makers on the continent, but it could have one unlikely beneficiary — the struggling beer industry.

While Canadian consumers can feel good about choosing Canadian beer over U.S. imports, an industry group is warning beer drinkers north of the border they could still face higher costs due to U.S. tariffs.

How does the actions of one trickle down to the folks operating a local business—say a craft brewery? On Feb. 11, President Donald Trump announced he will impose a 25 percent tariff on steel and aluminum imports into the U.

Cary said Begyle Brewing imports about 200K pounds of barley from Canada each year and that tariffs would hurt the brewery's margins.