The Trump administration will impose a 25% tariff on all imported canned beer and empty aluminum cans starting Friday, according to CNBC. Industry analysts expect the canned beer tariffs to affect Constellation Brands the most. Constellation imports all of its beer from Mexico, and Modelo, its top-selling product, is primarily sold in cans. Aluminum cans comprised over 60% of beer distribution in 2023, while glass bottles accounted for over 25%. The U.S. imports most of its aluminum from Canada, China, and Mexico. For more coverage on tariffs and how they impact your portfolio, visit benzinga.com.
