The most popular beer in the country is brewed in Mexico. Here's how President Trump's tariffs could affect U.S. fans of Modelo, Corona and more.

A 25% tariff on Mexico and Canada on Monday was quickly walked back by President Donald Trump after the countries negotiated a 30-day delay. Despite the pause, experts and industry insiders are bracing for a trade war as Trump looks to leverage tariffs as a negotiation tool with other countries.

Starting Tuesday, the U.S. had planned to start collecting new 25% tariffs on goods imported from Mexico and Canada, as well as an additional 10% tariff on Chinese goods. However, the Mexican tariffs have been paused for “a one month period,

With the cloud of levies on all imports still hanging over the outlook, Diageo, maker of Don Julio tequila, on Monday scrapped its financial guidance for the coming year.