The U.S. government has imposed a 25% tariff on all imported canned beer and empty aluminum cans. This decision comes as part of a broader expansion of aluminum tariffs. In 2023, aluminum cans held a 64.1% share of beer distribution, significantly outpacing glass bottles at 26.9%. The impact of these tariffs is expected to be most severe on Constellation Brands, which imports all its beer from Mexico. Notably, beer constitutes 82% of the company’s sales. Constellation’s key products, Modelo and Corona, are affected, with Modelo being the top-selling canned beer in the U.S. Since the election in November, Constellation’s shares have dropped by 22%. The U.S. primarily imports aluminum from Canada, China, and Mexico. These statistics highlight the potential economic ripple effects of the new tariffs on the beer industry and related markets.
The Spectator Index
@spectatorindex
·
17h Source of US imports, 2023.
Mexico: $475.6 billion
China: $427.2 billion
Canada: $421.1 billion
Germany: $159.7 billion
Japan: $147.3 billion
South Korea: $116.2 billion
Vietnam: $114.4 billion
Taiwan: $87.8 billion
The Food Professor
@FoodProfessor
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Feb 10 BREAKING: Trump imposes 25% tariffs on steel and aluminum imports from all countries, including Canada.
Approximately 74% of all beer produced and sold in the U.S. is packaged in aluminum containers. Canada stands as the U.S. largest supplier.
Paul Cerro
@paulcerro
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17h Real talk, how is Constellation Brands $STZ only down 1% when Trump just threw on tariffs on imported beer?
Constellation imports all of its beer from Mexico, including Modelo and Corona; beer accounted for 82% of the company’s sales in its most recent quarter.
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