While Anheuser-Busch (BUD) brand Budweiser carries the slogan “King of Beers,” the narrative on surface level doesn’t seem so appealing. While years removed from a social media controversy that angered many on the right, another political problem has threatened to unsettle BUD stock. With President Trump announcing that planned tariffs against Canada and Mexico will go into effect, this headwind should be troublesome for Anheuser-Busch.
However, very much the opposite situation is happening. On a year-to-date basis, BUD stock gained over 21% — one of the surprising winners of the new year so far. While Anheuser-Busch is known for domestic brands such as Budweiser and Bud Light, it also imports several popular brands like Mexico’s Estrella Jalisco. As such, the tariffs could represent a hit to its revenue streams.
