Diageo to reveal impact of Donald Trump’s trade war

By CITY & FINANCE REPORTER

Updated: 21:50 BST, 18 May 2025

Diageo will be under the spotlight today after Donald Trump’s trade war rocked the drinks industry.

Investors will be keen to hear how the US President’s tariffs will impact the London-listed drinks maker. 

The company, which makes Guinness, a favourite of the Princess of Wales, Johnnie Walker whisky and Gordon’s gin, pulled its earning guidance in February amid economic uncertainty.

Raising a glass: Diageo makes Guinness, a favourite of the Princess of Wales

At the time boss Debra Crew warned that tariffs could knock the firm’s turnaround efforts off course.

Dan Coatsworth, investment analyst at broker AJ Bell, said: ‘The trading update is unlikely to be upbeat.’

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Diageo to reveal impact of Donald Trump’s trade war

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