Moet champagne bottles are visible at Berlin Brandenburg airport in Schonefeld, Germany, February 24, 2025.
Jakub Porzycki | Nurphoto | Getty images
US President Donald Trump said Thursday that he planned to put a 200% rate on France alcohol and other European nations in the last climbing world trade tensions.
The American rate comes after the European Union has moved to restore an import tax on American whiskey.
“The European Union, one of the most hostile and abusive and pricing authorities in the world, which has been formed for the sole purpose of taking advantage of the United States, has just put a 50% price on whiskey. the United States, “said Trump on Social truth.
On Tuesday, the European Commission announced that it was retalling against the American prices on steel and aluminum by Lift the suspension On previous samples from American products, including whiskey and imposing new ones.
“The European Union must act to protect consumers and business. The countermeasures that we take today are strong but proportionate,” said Ursula von der Leyen, president of the European Commission.
The news Thursday seemed to put pressure on European alcohol stocks, which have already had difficulties recently.
Actions listed in Paris of LVMH MOET HENNESSY Louis VuittonThe largest luxury brand company in the world and led by billionaire Bernard Arnault, the richest man in Europe, fell for a ninth day on Thursday, having lowered 14% since the end of February. Remy Cointreau Suspected for a third day, bringing its loss to almost 11% in this section. PERNOD RICARD Weakened for a third day and is down more than 6% from the end on Monday.
The trade war also seems to have taken a bite from American alcohol stocks. Actions by Jack Daniels Parent Brown Forman are down more than 7% this week.
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