Carlsberg boss says there will be ‘no winners’ from US tariffs

Carlsberg’s chief executive has warned that the impact of US tariffs on already weak consumer spending means there will be “no winners”, even though the Danish brewer is “insulated” from the direct fallout of the levies.

Carlsberg’s chief executive Jacob Aarup-Andersen told the Financial Times that the brewer was largely protected because it sells only a small amount of beer to US consumers. However, he cautioned: “We look at it with the same concern as everyone else because this [risks] creating a slowdown in the global economy . . . that ...
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