Apr. 30 at 7:48 PM
President Donald Trump announced in a Truth Social post that after the visit of the King and Queen of the United Kingdom to the White House he will lift tariffs on Scottish whiskey.
Shares of British spirits company Diageo hit session highs after the post, now up almost 4% on the day.
“I will be removing the Tariffs and Restrictions on Whiskey having to do with Scotland’s ability to work with the Commonwealth of Kentucky on Whiskey and Bourbon, two very important Industries within Scotland and Kentucky,” Trump wrote in his social media post. “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.”
$DEO