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Constellation Brands, importer of Modelo and Corona beers, eyes $20 million hit from tariffs
Constellation’s leading brands include Modelo, Corona and Pacifico beer, all of which are brewed in and imported from Mexico. While alcohol imports remain exempt from tariffs, beer packaged in aluminum is subject to the added tax. President Donald Trump initially imposed a 25% tariff on steel and aluminum, then doubled that to 50% last month.
Modelo and Corona owner Constellation Brands (STZ) is warning about the impact President Trump's immigration crackdown is ...
Modelo Especial overtook Bud Light as the best-selling beer in the United States - and it never looked back as the gap has ...
Constellation also sells wine and craft spirits, but its beer business is the real money maker, accounting for roughly 80% of ...
2don MSN
The total cost of a typical grocery trip for a cookout has increased at a 12.7% annualized rate since President Donald ...
Modelo brewer Constellation Brands said it expects President Trump’s new tariffs to increase its costs by $20 million this fiscal year. The Trump administration’s [50% tariff]( ...
As Beverage Industry reports, 0% beer is predicted to continue growing by double digits this year, so it comes as no surprise that Modelo—which overtook Bud Light as the U.S.’s leading beer in ...
Modelo Especial owner Constellation Brands' beer sales are taking a hit as demand from Hispanic populations in key states slows down amid Trump's crackdown on immigration, company executives said ...
Modelo Brewer Says Immigration Crackdown Has Spooked Latino Shoppers - WSJ - The Wall Street Journal
Modelo Especial surpassed Bud Light in 2023 as the top-selling beer in the U.S. President Trump’s immigration crackdown has spooked Latino shoppers.
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