Diageo withdrew its ambitious sales growth target on Tuesday, in an acknowledgement a prolonged downturn in demand and uncertainty over U.S. President Donald Trump's tariffs require the spirits sector to make big adjustments.

British spirits maker Diageo reported Tuesday that its operating profit in the first half of the fiscal year dropped 5% year-over-year to $3.16 billion. Net sales also were 1% lower at $10.9 billion,

Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump's tariff plans set to sour its US sales of tequila and Canadian spirits.

Diageo , the world's top spirits maker, withdrew its medium-term organic sales growth target on Tuesday, citing macroeconomic and geopolitical uncertainty hurting the pace of its recovery.

Guinness owner Diageo has ditched its medium-term guidance as it warned US tariff measures could stymie a recovery in demand.