Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import
Published . Updated .
Key takeaways
- Indian customs authorities are reportedly seeking a 150% import duty on bulk Scotch whisky shipments imported by Pernod Ricard and Diageo , disputing the companies' eligibility for reduced tariffs...
- Exposed: WMT, NKE, XLI, XRT, INDA
- Market reaction: NKE −1.4% on the day (still updating); WMT −1.3% on the day (still updating); CAT +1.8% on the day (still updating)
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Indian customs authorities are reportedly seeking a 150% import duty on bulk Scotch whisky shipments imported by Pernod Ricard and Diageo , disputing the companies' eligibility for reduced tariffs...
Directly affected
- DEO Diageo+6.0% 15d
Named in this report.
Indirectly affected
- XLI Industrial Select Sector SPDR-0.2% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- PBJ Invesco Food & Beverage ETF
Invesco Food & Beverage ETF: it tracks beer, wine and spirits. Linked by “whisky” (beer, wine and spirits) in this story.
- INDA iShares MSCI India ETF-4.2% 13d
iShares MSCI India ETF holds stocks listed in India, which this story is about (“india”).
- CAT Caterpillar-27.9% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- DE Deere+0.1% 30d
Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- WMT Walmart+20.2% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- NKE Nike+8.2% 30d
Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DEO | -3.77% | -1.74% | base | -2.38% | after close | after close | after close |
| XLI | +0.40% | -3.60% | base | +0.79% | after close | after close | after close |
| XRT | +1.39% | -3.19% | base | -1.26% | after close | after close | after close |
| PBJ | +1.17% | -0.58% | base | +0.00% | after close | after close | after close |
| INDA | -3.19% | -1.53% | base | -0.41% | after close | after close | after close |
| CAT | +1.14% | -4.42% | base | +1.79% | after close | after close | after close |
| DE | -1.67% | -2.10% | base | +0.06% | after close | after close | after close |
| WMT | +2.97% | -0.02% | base | -1.30% | after close | after close | after close |
| NKE | +4.73% | -0.18% | base | -1.45% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import www.marketscreener.com
Source: www.marketscreener.com
Price since this story was published: Walmart (WMT)
| Company | When | Move | Status |
|---|---|---|---|
| Caterpillar (CAT) | that day | +1.79% | still updating |
| Caterpillar (CAT) | three days earlier | -4.42% | final price |
| Caterpillar (CAT) | five days earlier | +1.14% | final price |
| Deere (DE) | that day | +0.06% | still updating |
| Deere (DE) | three days earlier | -2.10% | final price |
| Deere (DE) | five days earlier | -1.67% | final price |
| DEO | that day | -2.38% | still updating |
| DEO | three days earlier | -1.74% | final price |
| DEO | five days earlier | -3.77% | final price |
| Ishares Tr (INDA) | that day | -0.41% | still updating |
| Ishares Tr (INDA) | three days earlier | -1.53% | final price |
| Ishares Tr (INDA) | five days earlier | -3.19% | final price |
| Nike (NKE) | that day | -1.45% | still updating |
| Nike (NKE) | three days earlier | -0.18% | final price |
| Nike (NKE) | five days earlier | +4.73% | final price |
| PBJ | that day | 0.00% | still updating |
| PBJ | three days earlier | -0.58% | final price |
| PBJ | five days earlier | +1.17% | final price |
| Walmart (WMT) | that day | -1.30% | still updating |
| Walmart (WMT) | three days earlier | -0.02% | final price |
| Walmart (WMT) | five days earlier | +2.97% | final price |
| Select Sector Spdr Tr (XLI) | that day | +0.79% | still updating |
| Select Sector Spdr Tr (XLI) | three days earlier | -3.60% | final price |
| Select Sector Spdr Tr (XLI) | five days earlier | +0.40% | final price |
| Spdr Series Trust (XRT) | that day | -1.26% | still updating |
| Spdr Series Trust (XRT) | three days earlier | -3.19% | final price |
| Spdr Series Trust (XRT) | five days earlier | +1.39% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 44 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 13 Oct 2026. That is 29 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 7 Oct 2026. That is 35 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 40 days before publication. Filed 27 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Nike (NKE), worth $15,001 - $50,000 on 28 Aug 2026. That is 75 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Nike (NKE), worth $15,001 - $50,000 on 27 Aug 2026. That is 76 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Nike (NKE), worth $100,001 - $250,000 on 21 Aug 2026. That is 82 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Walmart (WMT)
Companies tied to this story
- WMT Walmart
In “Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- NKE Nike
For “Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import,” Nike (NKE) is linked, with no stored direction, medium confidence. Reason on file: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- XLI Select Sector Spdr Tr
Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import.” Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- XRT Spdr Series Trust
Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import.” Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- INDA Ishares Tr
Ishares Tr (INDA) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import.” Reason on file: iShares MSCI India ETF holds stocks listed in India, which this story is about (“india”)
- CAT Caterpillar
In “Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import,” Caterpillar (CAT) is linked, with no stored direction, medium confidence. Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- DE Deere
Deere (DE) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import.” Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Walmart (WMT)
The 11 Nov 2026 story “Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import” names Walmart (WMT) because of this story.
What ties Walmart (WMT) to the headline is this: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Nike (NKE) is here too. Its reason reads: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Price levels for Walmart (WMT)
NKE traded between 34.10 and 40.16 across 20 sessions. The latest close on file is 38.67. WMT traded between 108.59 and 130.92 across 20 sessions. The latest close on file is 129.23. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 169.73.
A simple score for Walmart (WMT)
46 out of 100Price not final
“Pernod Ricard, Diageo Reportedly Face 150% Tariff in India on Bulk Scotch Import” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.