0957 GMT - European beverage stocks Diageo, Campari, Remy Cointreau and Pernod are the most exposed to proposed tariffs from the U.S., Deutsche Bank analysts say. On Monday, President-elect Donald Trump indicated an intention to slap a 25% tariff on imports from Mexico and Canada, a measure that could hit Diageo as market data suggests that imports from Mexico account for 26% of U.S. sales by value and Canada accounts for another 16%, the analyst says. For Campari, the data suggests Mexican imports account for 24% of U.S. sales, he adds. While such exports are largely immaterial for Remy and Pernod, potential tariffs on E.U. and U.K. imports could pose a headwind for these companies, he says. The analyst adds that price hikes are unlikely given that consumers might respond by switching categories or brands. (michael.susin@wsj.com)

(END) Dow Jones Newswires

November 27, 2024 04:57 ET (09:57 GMT)

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