
Beer and liquor companies slid Friday on President Donald Trump's plan to slap tariffs on Mexican goods.
Constellation Brands (STZ), which owns Corona and Modelo Especial, lost 6%. Brown-Forman (BFB), the owner of El Jimador and Herradura tequila brands, fell 2%.
The United States imported $3.5 billion worth of beer from Mexico last year, according to the USDA. It was the top agricultural product imported from Mexico, ahead of avocados and tomatoes.
More than two-thirds of the beer that the United States imported in 2018 came from Mexico, up from around 35% two decades ago, according to the National Beer Wholesalers Association.