By Laura Cooper
The Trump Administration said it would impose a 25% tariff on imported beer cans and empty aluminum cans, a move that could affect U.S. production of soft drinks, beer, canned wine and cocktails.
A Commerce Department notice said the products would be added, starting Friday, to a previously announced aluminum tariff.
Shares of Constellation Brands, which imports Modelo and Corona beer from Mexico, dropped 1% on Wednesday. The new levy comes at a difficult time for the beer industry, which has been struggling as drinkers cut back on their alcohol consumption or reach for canned cocktails.
Constellation, PepsiCo and Coca-Cola declined to comment.
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(END) Dow Jones Newswires
April 02, 2025 17:59 ET (21:59 GMT)
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