American bev-alc suppliers are still in the crosshairs of a trade war. On Sunday, President Donald Trump reignited trade tensions with the European Union, threatening to bring back policies that hit American spirits exports hard in his first term.
The Trump administration has imposed a “universal” tariff on every country for goods imported into the U.S., with a 10% baseline for those that the U.S. holds a trade surplus – meaning the U.S. exports more than it imports – and 15% for those the U.S. runs a deficit. The latter amounts to around 40 countries, with 26 countries facing tariffs higher than 15% rate.
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The results of Molson Coors’ Q1 in fiscal year 2025 (FY25) were in stark contrast to the first quarter of 2024. Q1 net sales declined 11.3% year-over-year (-10.4% on a constant currency basis), the company reported Thursday morning. A year ago, Molson Coors reported 10.7% YoY (+10.1% in constant currency) net sales growth in Q1.
The U.S. market was somewhat prepared for President Donald Trump to enact tariffs during his presidency, as promised during his campaign. But it wasn’t prepared for how “aggressive” those tariffs would be, including the speed and extent of their implementation, Rabobank global strategist, beverages, Stephen Rannekleiv said Thursday during a webinar hosted by the Brewers Association (BA).
As some suppliers and wholesalers warm to intoxicating hemp beverages, bev-alc trade group leaders are looking for regulatory parity between their members’ products and the burgeoning segment.
President Donald Trump’s reveal of sweeping tariffs on Wednesday included a 25% tariff on all imported beer and empty aluminum cans. Those tariffs are expected to go into effect at 12:01 a.m. EDT Friday, April 4.
As tariff talks continue to expand, suppliers say they are losing purchase orders, facing the possibility of consumers trading down, and quickly assessing how to position their portfolios.
American whiskey producers are once again swept up in a trade dispute that has unfurled pricey tariffs on their exports to Europe.
President Donald Trump is now threatening to double tariffs on aluminum and steel imports from Canada, increasing them from 25% to 50%, according to his social media posts. The move is in retaliation for a 25% surcharge placed by Ontario on electricity to the U.S.
As President Trump moves forward with tariffs, the spirits industry is bracing for a trade war that could bring price increases and shake up the backbar.
President Donald Trump announced plans to levy 25% tariffs on goods imported from Mexico and Canada, as well as 10% additional tariffs on China over the weekend. However, duties on goods imported from Mexico received a one-month reprieve on Monday following a border security deal.
Constellation Brands its weighing its options in the face of proposed 25% tariffs on goods imported from Mexico and Canada under the incoming second Trump administration. CFO Garth Hankinson discussed the company’s position during a fireside chat with managing director Dara Mohsenian at the Morgan Stanley Consumer and Retail Conference on Tuesday.
The U.S. beverage industry has paid more than $1.4 billion in aluminum tariffs since 2018, when Section 232 was implemented, according to a study shared today by the Beer Institute (BI).
U.S.Reps. Ken Buck (R-CO) and Al Lawson (D-FL) sent a letter to Attorney General Merrick Garland last week, asking the Department of Justice (DOJ) to review competition in aluminum pricing.
