Constellation manufactures all of its beers, including Modelo and Corona, in Mexico.
Constellation Brands' stock fell after President-elect Donald Trump announced plans to place a 25% tariff on Mexican imports.CREATE FREE ACCOUNT
Shares of Constellation have fallen 4% this year, including Tuesday's move. The brewer has a market cap of $43.88 billion. To offset the tariffs, Constellation would likely raise prices. The brewer has some pricing power, even with inflation-weary consumers. Last year, Modelo Especial overtook Bud Light as the best-selling beer in the U.S., Grupo Modelo and the Department of Justice in 2013, AB InBev had to sell Modelo's U.S. business to Constellation. That agreement requires Constellation to produce those beer brands where AB InBev makes them, according to a research note from Roth MKM analyst Bill Kirk.
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