Tequila has to be made in Mexico. Diageo offers no financial outlook on tariff uncertainty.
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Tariff Uncertainty Taxes the Auto Industry
For some in the car industry, the uncertainty surrounding a US-border trade war is almost worse than the tariffs themselves. If the tariffs go through, the costs might get passed down to buyers.Wired - Feb. 6 -
Tariffs would be 'catastrophic' for sales of tequila and mezcal, industry group says
The U.S. spirits industry maintained its market share leadership over beer and wine for a third straight year in 2024, even as revenues slid, according to new data released Tuesday.NBC News - 6d -
Elon Musk’s Financial Disclosure Will Not Be Made Public
The billionaire, who is serving President Trump as an unpaid “special government employee,” will file a confidential report on his financial interests, according to a White House official.The New York Times - Feb. 11 -
European companies warn over Trump tariff uncertainty
Executives left guessing at scale and impact of any US levies on EU importsFinancial Times - Feb. 9 -
Tequila, mezcal are the only spirits growing in sales, but tariffs would be 'catastrophic,' industry group says
U.S. spirits sales declined in 2024 despite maintaining its market share ahead of beer and wine. Tequila and Mezcal grew, but tariffs could change that.CNBC - Feb. 11 -
EU to offer lower tariffs on US cars
Bloc hopes olive branch will help to shield Europe’s ailing car industry from Donald Trump’s trade measuresFinancial Times - Feb. 7 -
U.S. tariffs and interest rate uncertainties make 2025 a "choppy year": DBS CEO Piyush Gupta
Gupta's comments come as Southeast Asia's largest bank by assets posted a solid showing in its full year results, with net profit reaching a record high.CNBC - Feb. 10 -
Democrats call on Trump to retract tariffs on Canada, Mexico before they are implemented
A group of Democrats have called on President Trump to retract tariffs on Canada and Mexico before they are implemented. “As Members of the House Ways and Means Committee, we urge you to retract ...The Hill - Feb. 11 -
Canada and Mexico tariffs risk inflating US housing crisis, Trump is warned
Exclusive: Dozens of congressional Democrats urge president to reconsider threatened import duties on US’s two largest trading partners. Pressing ahead with steep tariffs on Canada and Mexico ...The Guardian - 6d -
Why Mexico’s industrial heartland is not afraid of Trump’s tariff threats
Business leaders believe US president needs Mexican manufacturers to win battle with ChinaFinancial Times - 5d
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