America's favorite beer could cost more next year
America's favorite beer could cost more next year
America's favorite beer could be more expensive next year if Donald Trump implements his threatened trade tariffs. The President-elect has promised to bring in tariffs of 25 percent on America's two largest trading partners, Mexico and Canada, on day one of his presidency. Modelo Especial Lager, which has overtaken Bud Light as the top selling beer in the US, is imported from Mexico by parent company Constellation Brands. If the entire cost of the tariff is passed on to consumers, then a six-pack of Modelo would rise from around $11 to $13.
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