Will your favorite beer brand feel the pinch of steel tariffs? 

The Luxembourgish multinational steel manufacturing corporation ArcelorMittal, which is the world’s largest steelmaker, reported a 42 percent year-on-year increase in third-quarter profits.

An American Steel Index report by Business Forward Inc. says steel tariffs enacted by President Trump increased prices of hot and cold-rolled steel by 11 percent since February.

With no end of steel tariffs in sight, General Motors offers buyouts to 18,000 workers.

EU officials said the tariffs represent $7.5 billion worth of trade. European Commission President Jean-Claude Juncker said the 28-nation bloc will not be bullied.

The South Asia country has hiked tariffs on several popular U.S. exports, including chickpeas, lentils and construction products. 

Prices for domestic and imported steel are increasing — in some cases more than the tariffs.

Besides matching America’s 25 percent tax on imported steel and 10 percent tax on aluminum, Canada will soon levy similar taxes on popular products such as chocolate bars, mayonnaise, whiskey, sailboats, washing machines, maple sugar and strawberries.

Many HVAC distributors didn’t waste time passing along price increases that they blamed on the new 25 percent tariff on imported steel entering the U.S.  

The new prices take effect immediately.