U . S .- Canada trade war squeezes craft brewers
Published . Updated .
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This report is about beer, wine and spirits and tariffs and trade.
Directly affected
- No company is named in this report.
Indirectly affected
- PBJ Invesco Food & Beverage ETF
Invesco Food & Beverage ETF: it tracks beer, wine and spirits. Linked by “brewer” (beer, wine and spirits) in this story.
- XLP Consumer Staples Select Sector SPDR-2.2% 12d
Consumer Staples Select Sector SPDR: it tracks beer, wine and spirits. Linked by “brewer” (beer, wine and spirits) in this story.
- XLI Industrial Select Sector SPDR-0.3% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tradewar” (tariffs and trade) in this story.
- EWC iShares MSCI Canada ETF+0.9% 30d
iShares MSCI Canada ETF holds stocks listed in Canada, which this story is about (“canada”).
- BUD Anheuser-Busch InBev+4.8% 30d
Anheuser-Busch InBev (malt beverages): it is exposed to beer, wine and spirits. Linked by “brewer” (beer, wine and spirits) in this story.
- STZ Constellation Brands+27.4% 30d
Constellation Brands (beverages): it is exposed to beer, wine and spirits. Linked by “brewer” (beer, wine and spirits) in this story.
- TAP Molson Coors Beverage+8.8% 30d
Molson Coors Beverage (malt beverages): it is exposed to beer, wine and spirits. Linked by “brewer” (beer, wine and spirits) in this story.
- DEO Diageo+7.5% 16d
Diageo (beverages): it is exposed to beer, wine and spirits. Linked by “brewer” (beer, wine and spirits) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| PBJ | -2.62% | -2.16% | base | after close | after close | after close | after close |
| XLP | -2.05% | -2.55% | base | after close | after close | after close | after close |
| XLI | +3.03% | +5.45% | base | after close | after close | after close | after close |
| EWC | +0.74% | +0.06% | base | after close | after close | after close | after close |
| BUD | -5.67% | -4.77% | base | after close | after close | after close | after close |
| STZ | -6.44% | -4.46% | base | after close | after close | after close | after close |
| TAP | -4.93% | -0.83% | base | after close | after close | after close | after close |
| DEO | -6.77% | -6.16% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Source: latimes.com
Defense
| Company | When | Move | Status |
|---|---|---|---|
| BUD | three days earlier | -4.77% | final price |
| BUD | five days earlier | -5.67% | final price |
| DEO | three days earlier | -6.16% | final price |
| DEO | five days earlier | -6.77% | final price |
| EWC | three days earlier | +0.06% | final price |
| EWC | five days earlier | +0.74% | final price |
| PBJ | three days earlier | -2.16% | final price |
| PBJ | five days earlier | -2.62% | final price |
| STZ | three days earlier | -4.46% | final price |
| STZ | five days earlier | -6.44% | final price |
| TAP | three days earlier | -0.83% | final price |
| TAP | five days earlier | -4.93% | final price |
| XLI | three days earlier | +5.45% | final price |
| XLI | five days earlier | +3.03% | final price |
| XLP | three days earlier | -2.55% | final price |
| XLP | five days earlier | -2.05% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold Anheuser-Busch InBev (BUD), worth $1,001 - $15,000 on 18 Aug 2026. That is 79 days before publication. Filed 1 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Constellation Brands (STZ) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Constellation Brands (STZ) (held by a dependent child), worth $1,001 - $15,000 on 11 Sep 2026. That is 55 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Constellation Brands (STZ), worth $15,001 - $50,000 on 28 Aug 2026. That is 69 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Molson Coors Beverage (TAP) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid the defense case looks
12 out of 100
“U . S .- Canada trade war squeezes craft brewers” scores 12 out of 100. The score uses 1 sources.