Spirits giant Diageo said U.S. tariffs on goods from Mexico and Canada could amount to a $200 million hit on its annual operating profit. Imports from Canada and Mexico represent about 45% of Diageo’s U.

Diageo reports a return to growth in its fiscal 25 first half year results this morning, despite a challenging environment for spirits. But North America – its largest market – could be hit by Trump’s

Diageo, the renowned British drinks company behind brands like Johnnie Walker, Guinness, Smirnoff, and Baileys, is bracing for a challenging period as it confronts the impact of new US tariffs. The

Diageo has considerable earnings downside if tariffs are implemented in the US with volumes in the market already declining. Learn more on DEO stock here.