Reported about 18 hours ago
U.S. President-elect Donald Trump's proposed 25% tariffs on imports from Mexico could jeopardize $3 billion in tequila and mezcal imports from major producers Diageo and Becle. With tequila's growing popularity, particularly in the U.S. market, the tariffs could significantly impact sales and push prices higher, potentially leading to reduced consumption. Diageo expressed confidence in navigating trade policies and plans to work with the incoming administration.
Source: YAHOO