Trump Administration Imposes 25% Tariff on Imported Canned Beer and Aluminum Cans

The Trump administration has announced a 25% tariff on all imported canned beer and empty aluminum cans, effective immediately. This move is expected to significantly impact companies like Constellation Brands, which imports popular Mexican beers such as Corona and Modelo. The tariff does not apply to beer packaged in glass bottles. With aluminum cans accounting for over 60% of beer distribution, this decision could lead to higher consumer prices and affect market dynamics. — new from CNBC

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