In this article STZ Follow your favorite stocks CREATE FREE ACCOUNT In a Friday interview with CNBC's Jim Cramer , Constellation Brands CEO Bill Newlands brushed off concerns about the possibility of higher tariffs , which former President Donald Trump has pledged to implement if elected. "First of all, assuming there was a Trump administration, we already had four years of a Trump administration, and our business was up double-digit during that window of time," Newlands said. "Two, we have a fair amount of our inputs that come from the United States and then are made into beer in Mexico.
I highly doubt any perspective on tariffs would really be around: How do you hurt the American farmer." Constellation Brands is known for a variety of popular beer brands imported from Mexico, including Modelo, Corona and Pacifico. It also has a wine and liquor business that includes SVEDKA vodka.
Trump has threatened to impose blanket tariffs as high as 20% on imported goods from all countries. His previous administration increased tariffs on Chinese goods, igniting a years-long trade war with the country that disrupted global trade and cost Americans billions. Newlands stressed that the way the company makes its Mexican beers will not change.
"These are authentic Mexican beers," he said. "Guess what? You have to make them in Mexico." He also discussed his recent meeting with Mexico's new President Claudia Sheinbaum, the country's first-ever female leader , saying she is focused on "shared .