All Tariffs articles
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News
US tariffs ‘risk $2bn in lost sales’, major alcohol trade bodies warn
Wine and spirits were unique products often tied to specific geographical regions around the world, the letter argued.
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Comment & Opinion
Five key takeaways from Diageo’s full-year results
There were few major surprises as Diageo reported a modest rise in sales but missed forecasts for profits in its full-year results on Tuesday
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News
UK pork producers secure £19m export win to Mexico
A new zero tariff agreement with Mexico created a ‘new pathway for additional opportunities in the Mexican market’, worth at least £19m over the next five years, Defra said
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News
EU spirits and wine set for 15% US tariffs as time for exemption runs out
Tipples such as champagne and cognac will be subject to the 15% tariff
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News
‘No decision’ on alcohol tariffs despite EU-US trade deal
A decision on the inclusion or otherwise of beer, wine and spirits exports in the deal would be ‘sorted out in the next days’, said EU Commission president Ursula von der Leyen
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News
Rémy Cointreau raises full-year profit guidance as tariff threat recedes
The Cointreau liqueur maker said sales in the three months of its financial year grew by 5.7% – well ahead of analysts’ expectations
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News
India trade deal to secure export wins of almost £6bn: Starmer
Starmer said the deal would ‘unlock new opportunities for businesses and drive growth in every corner of the country, delivering on our Plan for Change’
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News
Media Bites 21 July: John Lewis bonus, taxes, food prices and tariffs
The big news in retail this weekend was the revelation that John Lewis is considering reinstating its staff bonus scheme for the first time in four years
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News
Northern Irish businesses ‘exposed’ to latest US/EU tariff threat
Experts have warned NI’s unique dual-market access could leaqve it saddled with the same tariffs as the EU
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News
Lavazza warns EDR will be ‘very tough’ for coffee producers
The Italian coffee giant’s chairman Guiseppe Lavazza said the European Deforestation Regulation would lead to tight supply and price hikes
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News
NFU calls for ‘no more concessions’ with US on trade
The US has voiced interest in securing further concessions on access to UK agrifood sectors
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News
China slaps EU brandy with 35% tariff, but Pernod Ricard, Rémy Cointreau and Möet Hennessy win exemption
Some key suppliers have won a reprieve on the tariffs by agreeing to minimum pricing
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News
NFU warned government of CO2 gas supply vulnerability in February: Tom Bradshaw
With the US trade deal threatening production, the NFU president has suggested government was ignorant to the ‘strategic vulnerability’ of gas supplies
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News
CO2 gas supply still in the balance, despite government crisis talks
Concerns over the supply of critically important CO2 gas resurfaced last month
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News
Pernod Ricard set to simplify structure in cost-cutting exercise
It is a response by the French group to strengthening headwinds in the global spirits market as the owner of Jameson, Absolut and Havana Club struggled to perform amid weakening consumer confidence around the world
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News
Media Bites 17 June: Trump, Poundland, Oxford Street
UK-US trade deal is ‘done’, Trump said as he met Keir Starmer at the G7 summit
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News
CO2 gas crisis looms closer as Ensus warns of ‘imminent closure’
Ensus said the UK-US trade deal ‘fundamentally undermined its business position’
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News
UK food and drink exports to US jump in Q1 – but April figures hit by Trump tariffs
British food and drink producers rushed to export to the US ahead of Trump’s tariffs
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Analysis & Features
Are trade deals weakening British sourcing pledges?
Asda’s Uruguayan beef has ignited debate over retailer commitments to British sourcing
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News
Spirits prices will have to go up if downturn proves structural, says Brown-Forman CEO
Lawson Whiting said GLP-1 drugs, cannabis use in the US and Gen Z drinking less were dragging on sales