What Trump's latest tariff threat means for the drinks industry [Yahoo! Finance]
Constellation Brands, Inc. (STZ)
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Source: Yahoo! Finance
As Just Drinks reported, the President-elect outlined his intentions on social media platform Truth Social on Monday (25 November), noting as of 20 January, he would “sign all necessary documents to charge Mexico and Canada a 25% tariff on ALL products coming into the United States, and its ridiculous open borders”. He added the tariff would stay in place “until such time as drugs, in particular fentanyl, and all illegal aliens stop this invasion of our country! Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem”. In a statement on X, Mexico's President Claudia Sheinbaum said that “Migration and fentanyl consumption will not be addressed with threats or tariffs… Dialogue is the way forward”. Distilled Spirits Council of the US (DISCUS) CEO Chris Swonger warned future tariffs on the two countries' imports would “hurt US consumers and lead to job losses across the US hospitality industry”. Spirits Canada said the US is the “larg
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