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Diageo plans $500 million of cost cuts as U.S. tariffs kick in
fortune.com/europe/2025/05/19/diageo-plans-500-million-cost-cuts-us-tariffs-results-trump
Diageo Plc will cut costs by $500 million over three years as the maker of Johnnie Walker whisky grapples with US trade tariffs.
President Donald Trump’s trade tariffs will cost $150 million annually at current levels, half of which it can mitigate, Diageo said in a statement Monday. The…
This story appeared on fortune.com, 2025-05-19 09:18:03.