Shares of Constellation Brands fell after hours on Tuesday after the beer and wine producer forecast better-than-expected profits but said “socioeconomic headwinds” had hit beer demand. Executives at the company — whose brand portfolio includes Corona and Modelo in the U.

Constellation’s leading brands include Modelo, Corona and Pacifico beer, all of which are brewed in and imported from Mexico. While alcohol imports remain exempt from tariffs, beer packaged in aluminum is subject to the added tax. President Donald Trump initially imposed a 25% tariff on steel and aluminum, then doubled that to 50% last month.

Constellation Brands missed first-quarter sales and profit estimates on Tuesday, as fears of rising tariffs and economic uncertainty prompted consumers to reduce purchases of beers and wines.