USA & UK: Diageo shares jump as Trump removes tariffs and restrictions on Scotland-Kentucky whiskey

U.S. listed shares of Diageo jumped 4% on April 30 after U.S. President Donald Trump said it that he would be removing tariffs and restrictions related to Scotland's ability to work with the state of Kentucky on whiskey and bourbon, Yahoo! Finance reported.

"People have wanted to do this for a long time, in that there had been great Inter-Country Trade, especially having to do with the Wooden Barrels used," Trump said in a post on Truth Social.

The announcement comes at a time when King Charles is on a visit to Washington to strengthen ties between two long-term partners in U.S. and UK.

The U.S. and UK signed a deal in 2025 allowing Washington to impose a 10% baseline tariff on imports of most British goods.

Diageo's CEO on April 29 had said that he plans to streamline British distiller's regional management team as part of the turnaround plans.

01 May, 2026