REFILE-BUZZ-Constellation Brands falls as Trump puts tariffs on imports from Mexico

Corrects to "falls" from "fall" in headline

Shares of Corona beer maker Constellation Brands STZ.N fall 5.6% to $170.78 premarket

U.S. President Donald Trump on Saturday ordered sweeping tariffs on goods from Mexico, Canada and China, kicking off a trade war

Trump imposed 25% tariffs on Mexican and most Canadian imports starting on Tuesday

According to J.P.Morgan, STZ's ~85% of consolidated sales are derived from imported Mexican beer

Brokerage also says Brown-Forman BFB.N might see limited impact as its tequila portfolio comprises mid-single-digit  percent of U.S. sales, but faces risks from retaliatory tariffs in Mexico, Canada, and the EU

BFB shares down 2% premarket in low volumes

Molson Coors TAP.N shares down 2.3% premarket on exposure to tariffs through Molson Canadian but J.P.Morgan believes the impact would be "de minimis"

There would be a potential impact of $3 to $3.75 per share hit to fiscal 2026 earnings of STZ if the tariffs last a full fiscal year, Piper Sandler analyst Michael Lavery says

In 2024, STZ fell 8.6%, BFB slumped 33.5% and TAP declined 6.4%