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Tequila maker Diageo axes sales target on Trump tariffs
Tequila maker Diageo axes sales target on Trump tariffs
by  AFP

Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump's tariff plans set to sour its US sales of tequila and Canadian spirits. Diageo said the tariffs would hit its tequila portfolio, given it must be made in Mexico, as well as Canadian whisky.

Where things stand in China-US trade tensions
Where things stand in China-US trade tensions
by  AFP

China has made good on its threats to retaliate in the escalating trade war with the United States, imposing tariffs on American imports of energy, cars and machinery parts. Tariffs of 15 percent will be imposed on imports of coal and liquefied natural gas from the United States.

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