Diageo: This is not the time to impose tariffs

4th August, 2020 by Ron Emler

As a key date looms next week with regards to threatened extra US tariffs on Scotch imports, Ivan Menezes, the chief executive of Diageo, the largest producer, says that the industry is doing its utmost to stop them being imposed by the Trump administration.

Ivan Menezes

“We are working very hard with the UK, the EU and the US to deescalate the tariff threat on spirits,” he said when announcing Diageo’s annual results on 4 August.

“This is an aerospace dispute [over alleged subsidies to Airbus hurting Boeing] and the core message – and this is very strongly communicated by the US drinks industry as well – is that at a time like this when the hospitality industry which accounts for one in ten jobs around the world needs to recover, penalising the alcohol industry is only going to hurt small businesses right across the world.”

Menezes said: “I am confident, I am hopeful…the Scotch Whisky Association, the companies in America, the wholesalers, the retailers, are all making the point that this is not the time to be hurting a huge jobs creator that is under a lot of pressure.”

He admitted that….

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