Constellation Brands Stock Sinks as Tariffs May Hit Mexican Beer Sales
Constellation Brands(STZ) Investopedia·2025-02-03 23:34
Key TakeawaysPresident Trump's announced tariffs on Mexican imports sent shares of Constellation Brands tumbling Monday morning.The alcoholic beverage giant has benefited from big demand for its Modelo and Corona beer brands, now subject to the import tariffs.Modelo Especial has been the top-selling beer in the U.S. since 2023, when it surpassed Anheuser-Busch InBev's Bud Light. Among the companies feeling the impact of President Donald Trump's tariffs announced over the weekend is alcoholic beverage giant ...