It’s not tariffs, but this is the main reason why sales are falling for America’s favorite beer

Modelo, recently America's bestselling beer, experienced its first sales dip in over a decade, attributed to heightened anxiety among Hispanic consumers due to increased immigration enforcement. This fear is causing shifts in shopping habits, with consumers avoiding smaller retailers. Adding to the pressure, tariffs on imported aluminum cans are significantly increasing costs for Constellation Brands, impacting future earnings projections.