European Beverage Sector Faces Hit From Potential Trump Tariffs -- Market Talk

Dow Jones11-06

0956 GMT - The European beverage sector could be hit by the potential imposition of tariffs under a Donald Trump-led administration, Barclays' analysts say. This is because the industry has high exposure to the U.S., they note. In the event of Trump implementing 10% tariffs globally, GDP in the eurozone could face a 0.7% hit, the analysts say. Diageo is among the most exposed beverage stocks, with 37% of its sales coming from the U.S., followed by Davide Campari and Pernod Ricard, with exposure of 28% and 15%, respectively, they add. (michael.susin@wsj.com)

(END) Dow Jones Newswires

November 06, 2024 04:57 ET (09:57 GMT)

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