President-elect Donald Trump said he would issue an executive order to charge Mexico and Canada a 25% tariff on all products coming into the US when he takes office on 20 January.

The US imported more than 321 million litres of Tequila from Mexico in 2023, making it the world’s largest importer of the agave spirit.

In addition, Tequila sales overtook those of American whiskey in the US spirits market in 2022, with sales of Tequila totalling US$6.5 billion and whiskey sales trailing behind at $5.3 billion, according to the Distilled Spirits Council of the US.

Meanwhile, Tequila consumption grew from 19.7m nine-litre cases in 2019 to 30.6m nine-litre cases in 2023. According to Discus, Tequila has increased its US volumes by 294%, at an average rate of 7.1% per year since 2003.

As tariffs will be applied to the import or transfer price, rather than to the retail price of a product, it was initially predicted that a 10% tariff would lead to a 3-5% price increase on tariffed products, something that companies are expected to pass onto the consumers straight away.

Whether or not these tariffs ever go into place, Shandong Sinobottles Packaging is paying attention to the latest news of it. Sinobottles Packaging has exported super flint glass bottles to Mexico for years, and we have been committed to providing customers with the most unique glass bottle designs and providing professional structural advice to perfectly present customers’ design concepts.