Constellation Projects $20 Million Hit From Aluminum Tariff

Constellation Brands Inc. expects aluminum tariffs to cost the company roughly $20 million over the remainder of its fiscal year, which runs through February.

President Donald Trump’s current 50% duty on imported aluminum, part of his US trade overhaul, directly impacts companies such as Constellation that rely on aluminum cans for packaging. While many alcohol imports from Mexico remain exempt, beer packaged in aluminum is subject to the new levy.