Johnnie Walker owner Diageo says Trump tariffs could hit profits by $200m
Guinness sells strongly, but UK drinks company’s shares fall amid fears over US levies on Mexico and CanadaBusiness live – latest coverageDiageo, the company behind Smirnoff vodka and Johnnie Walker whisky, has said US tariffs could damage a nascent recovery in its sales and result in a $200m hit to profits, with its tequila portfolio and Canadian whisky most affected.The UK drinks company returned to sales growth in the latest half year, with strong performances in Guinness and tequila offsetting weakness in other spirits – but Donald Trump’s 25% tariffs on Canadian and Mexican imports could stop this recovery in its tracks, analysts said. Continue reading...
admin
0
1
Guinness sells strongly, but UK drinks company’s shares fall amid fears over US levies on Mexico and Canada
Diageo, the company behind Smirnoff vodka and Johnnie Walker whisky, has said US tariffs could damage a nascent recovery in its sales and result in a $200m hit to profits, with its tequila portfolio and Canadian whisky most affected.
The UK drinks company returned to sales growth in the latest half year, with strong performances in Guinness and tequila offsetting weakness in other spirits – but Donald Trump’s 25% tariffs on Canadian and Mexican imports could stop this recovery in its tracks, analysts said. Continue reading...
