Diageo Shares Jump 4% After Whiskey Tariff Removal

Diageo shares jumped about 4% on Thursday after President Donald Trump announced removal of U.S. tariffs on whiskey.
The tariff removal targets Scotland’s whisky trade with Kentucky’s bourbon industry, addressing long‑standing issues such as wooden barrel restrictions.
Diageo, the London‑based producer of Scotch brands like Johnnie Walker, benefits from the policy change that had previously increased costs.
The announcement followed a White House visit by the UK King and Queen, whom Trump cited as influencing the decision.