Molson Coors slashed its financial outlook for the second time this year, with the brewing company blaming new tariffs on aluminum for mounting cost pressures that are squeezing the already beleaguered beer industry.

Molson Coors forecast a drop in its annual profit on Tuesday, hit by tariff impacts on costs of aluminum it uses for its beverage cans amid macroeconomic uncertainty in the U.S. Lisa Bernhard has more.

Molson Coors cuts its full-year earnings outlook, citing economic pressures on the consumer and aluminum tariffs, and the stock falls.