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Jose Cuervo tequila maker warns of potential Trump tariffs impact
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Jose Cuervo tequila maker warns of potential Trump tariffs impact
Feb 27, 2025 8:31 AM

MEXICO CITY, Feb 27 (Reuters) - Mexico's Becle

, the maker of Jose Cuervo tequila, warned on

Thursday that it could face an $80 million impact this year if

U.S. President Donald Trump goes through with his threat of

imposing tariffs next month on imports of Mexican products.

Becle, the world's largest tequila producer, reported late

on Wednesday a 21% net profit decrease in the fourth quarter,

and said that changes in U.S. trade policy could adversely

affect the company.

Excluding any potential tariff impact, the company expects

its capital expenditures in 2025 to be between $110-$130

million, Becle's chief financial officer Rodrigo de la Maza said

during a conference call with analysts.

Net sales, meanwhile, are expected to grown mid-single digit

in 2025.

The company's shares were down about 3% in the first

hours of trading, ranking as one of the biggest losers on

Mexico's main stock index.

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