Meanwhile, under tariffs announced in April, Mexican beers like Modelo and Corona are expected to become more expensive because of levies on aluminium, which affects beers poured from cans. Most beer in the US - 64.1% - is served out of cans, according to the Beer Institute.

Donald Trump is betting that tariffs rather than sanctions will fix economic and geopolitical imbalances. But does the threat of rising US inflation and retaliation make sanctions a safer choice?

The analysis, released Tuesday, points to the challenges Trump might face in trying to sell his tariffs to the public as a broader political and economic win and not just as evide