Trump's tariff policy will significantly impact tequila producers in Mexico, according to Bloomberg.

This is discussed in a publication by Bloomberg, as reported by Ukrinform.

Buyers in the U.S. are rushing to purchase tequila in anticipation of price increases, but the outlook for the industry is grim if tariffs are implemented or uncertainty regarding their introduction continues.

It is noted that this week Trump created confusion regarding which tariffs will come into effect and when. After providing a series of conflicting answers about his trade policy plans with Canada and Mexico, as well as the European Union, the president confirmed on Thursday that the U.S. will impose a 25% tariff on goods from its two neighbors starting March 4, along with a 10% tax on Chinese imports.

Mexico has held a monopoly on tequila production since the mid-1990s. Over 80% of this alcoholic beverage is exported to the U.S.

Other sectors of the Mexican alcoholic and tobacco industries are also experiencing losses.

In particular, the company Becle SAB, which produces Jose Cuervo cigarettes, has warned that it could incur losses of $80 million if the U.S. implements tariffs.

As reported by Ukrinform, Trump stated that he intends to proceed with his plans to impose 25% tariffs on all Canadian and Mexican goods starting March 4.