From Johnny Walker to Corona Beer, major wine firm can face tariff hits

(Update to add diazi’s comments on tariff effects)

February 4 (Reuters) – The manufacturers of alcoholic beverages such as Johnny Walker Whiskey and Corona Beer can be caught by US President Donald Trump in a crosshair of a possible trade war after US President Donald Trump put new tariffs on Mexico, Canada and China.

Although Trump agreed to a 30-day stay on tariffs on Canada and Mexico on Monday, the US proceeded with 10% levy on Chinese imports on Tuesday, indicating Swift tight-to-tat tariff from the country. .

Both Canada and Mexico initially announced that Trump had proceeded with 25% tariff on his imports.

Here is a list of global beverage companies that are likely to see an impact:

The British Beverages Company, known for brands such as Johnny Walker and Smirnoff Vodka, withdrew her medium -term biological sales development target on Tuesday as it took steps to reduce and reduce the impact of American tariffs.

Diazio expects a gross impact of about $ 200 million on the operational benefits for the current financial year, mostly from Tequila, if tariffs are applied from March 1.

According to Jefferies note, the company has about 46% exposure for imports from Mexico and Canada. End-to-end Tequila is produced in Mexico.

According to Jeffers, the French company, which produces famous souls such as Absolute Vodka and Jameson Irish whiskey, such as Canada, Mexico and China sells about 6.3% from Mexico and Canada imports.

The affected brands include Kodigo 1530 Tequila and Jefferson’s Borbon Whiskey.

The company, whose products, include popular eparol epervice, have to face proper risk, as Tequila sold 7% in the US accounts for the sale of group and according to JP Morgan, was an important driver for his performance in the country. Is.

Campri has a production facility in Canada, and its feature in Mexico according to its website produces Spirits brands such as Gran Sentenario and Espolone.

According to JP Morgan, AB Inbave, a Budvizer and owner of Stella Artois, can see an increase in their market share at the expense of their peers, as a large part of its portfolio is sour from within the US, according to JP Morgan.

However, brokerage stated that a significant percentage of its earnings before interest and taxes comes from Mexico, which may be affected by tariffs, weakens the demand for some of its products.

According to JP Morgan, the American Spirits Company, which produces Jack Daniel’s Tenasi whiskey, faces tariff on its tequila portfolio in Mexico, which accounting for the middle-marked percentage of American sales according to JP Morgan according to JP Morgan according to JP Morgan .

Brown-Phomeman is also subject to an anti-retaliation from Canada and Mexico, which will weigh on its American whiskey portfolio, including its leading brand Jack Daniel.

According to the company’s annual report of the company, Canada and Mexico have 1% and 7% of its 2024 total sales.

The total production capacity of Korona and Modlow specific beer manufacturer is about 48 million hectares in Mexico, which, according to the latest annual report ending by February 2028, is estimated to increase by about 65 million hectares by FY 2028.

JP Morgan mentions that about 85% of the constellation of constellation brands is derived from Mexican beer and potentially can see the percentage impact of 20 per share per share if no pricing or cost saving initiative is taken .

Moller Light’s creator Molson Course is in touch with tariffs through Molson Canadian, although JP Morgan believes that the effect will be “de minimis”.

Brokerage stated that Canada’s anti -retarder tariff effect on American beer would also be limited as the company locally produces Curses Light and Miller Light in Canadian Bruise.

According to Jefferies, Dutch Brever Henecane could see some minor impact as the comfortable marks of the sale of Mexican imports for the company are around the percentage percentage.

Mexican-based company Jose Quvero owner Beckle and one of the world’s largest twilan manufacturer, dominated the US market for agave-based drinks, dominating the US market for agave-based drinks and a lot of rely on Tequila sales in the US for development.

According to the analysis of the Reuters, the sale price of the US shipment of eight textiles or mazcal brands was about $ 1.6 billion.

(Reporting by Ananya Maryam Rajesh and Aamir Sohail in Bengaluru; Editing by Tasim Zahid and Varun HK)