Diageo braces for $150 million tariff hit, unveils $500 million savings plan
- Posted on May 19, 2025
- By Business News Today
- 3 Views
Diageo braces for $150 million tariff hit, unveils $500 million savings plan
Diageo, the world's leading spirits company, announced Monday it expects to lose $150 million annually due to tariffs imposed by U.S. President Donald Trump. In response, the company is initiating a $500 million cost-savings program.
