Three global alcoholic beverage makers are likely to see a "negative impact" from a Republican victory in the U.S. election due to the potential for trade tariffs, according to TD Cowen analysts. The investment bank, a subsidiary of Canada's Toronto-Dominion Bank, said that Jack Daniel's maker Brown-Forman and Corona beer brewer Constellation Brands are "most negatively exposed" to the introduction of higher tariffs on trade , a key policy proposed by Donald Trump.
B 5Y line Constellation Brands The brewer behind Corona produces its beers exclusively in Mexico and would be faced with a "significant challenge" if Trump introduced tariffs on goods from Mexico. However, the company also sources key ingredients, such as corn and barley, from American farmers, which might deflect some of the pressures the company may face. "While there may be some government goodwill afforded to the company due to its reliance on U.S.