Lime problems... President Trump's new immigration-motivated 5% tariff on everything imported from Mexico starts June 10th. And car companies aren't the only ones who are affected — Beer-glomerate Constellation Brands fell 11% last week. The Corona-maker brews in Mexico, and 73% of its revenues are from Mexican imports to the US (aka exactly what will get taxed by the new tariffs).
FYI on your mango-infused beach companion... New reports revealed that LaCroix sales plummeted 9% over the last quarter as competitive sparkling waters sprout up. And it isn't thrilled about a lawsuit claiming its "all natural" ingredients aren't actually all that natural. Owner National Beverage Corp fell 8% because an analyst thinks it's "effectively in a free fall."
An extra grand or two... That's the increase in price for cars imported from Mexico if the tariffs come into full effect. Shares of GM, Ford, and all their car-making buddies fell on word that the 2.6M cars imported from Mexico each year could face the political tax — President Trump won't stop the tariffs "until the Illegal Immigration problem is remedied."