Drinks giant Diageo has scrapped a key sales growth target after its admitted President Trump’s threatened tariffs against Mexico and Canada could wipe $200 million off profits in the second half of the year.
The Guinness to Johnnie Walker multinational exports tequila from Mexico and whiskey from Canada into the huge US market and together they account for about 45$ of US sales. Tariffs of 25% due to come into effect today have now been put on hold for a month following talks last ditch talks with Mexico’s President Claudia Sheinbaum and Canada’s Prime Minister Pierre Trudeau.
