Drinks Giant Diageo Shares Fall On Concerns Of U.S. Tariffs

The Diageo (LSE:DGE) share price fell 3.1% in this morning’s trading, on fears that its sales will be badly affected by US President Trumps’ new tariffs on Canada and Mexico. The price fell from 2,149 to 2,345.

Almost half of the drinks company’s US sales are for products imported from those countries, including brands such as Crown Royal, Don Julio and Casamigos.

If Trump follows through on this threats to impose tariffs on EU products that will be a further blow to the company’s US sales.

Diageo is due to announce its half-year results on Tuesday. Is share price has been weak for some time, falling 42% since the end of 2022.

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