If President-elect Donald Trump follows through with proposals to impose a 25% tariff on all items from Canada and Mexico, the result would be a stiff penalty on some of America’s favorite libations, not to mention the No. 1 beer brand in the nation: Modelo .

Donald Trump's tariff plan would affect products from Canada, Mexico, and China. Here's what to know about tariffs, who pays them, and how they work.

President-elect Trump's plan to impose tariffs on Canada would drive up fuel prices for Americans, as it would throw into turmoil longstanding trade from the biggest supplier of crude to the U.S., analysts said this week.

President-elect Donald Trump proposed a 35% tariff on all products from U.S. neighbors Mexico and Canada, which will likely raise prices for consumers.

Canadian Prime Minister Justin Trudeau said Friday that if President-elect Donald Trump follows through on this threat to impose sweeping tariffs on Canadian products, he would be raising prices for Americans and hurting American businesses.