Moet champagne bottles are seen at Berlin Brandenburg Airport in Schonefeld, Germany on February 24, 2025.
Jakub Porzycki | Nurphoto | Pictures of getty
United States President Donald Trump said on Thursday he plans to put a 200% rate on Alcohol in France and other European nations on the last climb of world commercial tensions.
The United States rate comes after the European Union moved to reset an import tax on American whiskey.
« The European Union, one of the most hostile and abusive tax authorities in the world, which was formed for the sole purpose of taking advantage of the United States, has just put a 50% unpleasant rate in whiskey. If this rate is not immediately eliminated, the United States will shortly place 200% rate to all wines, champagne and alcohol products that come out of the French business and other countries. EU. Social truth.
On Tuesday, the European Commission announced that he was retalizing against United States’ rates on steel and aluminum for lifting the suspension In previous taxes on US goods, including whiskey and imposing new ones.
« The European Union must act to protect consumers and business. The measures we take today are strong but proportional, » he told Ursula von der Leyen, President of the European Commission on Tuesday.
The news seemed to be pressure on European liquor stocks, which have recently been struggling.
Paris trade shares of LVMH Must Hennessy Louis VuittonThe largest luxury brand company in the world and headed by billionaire Bernard Arnault, the richest man in Europe, fell a ninth day on Thursday, falling 14% since the end of February. Remy cointreau A third day was relieved, reaching almost 11% loss in this section. Pernod ricard It was weakened by a third day and has dropped more than 6% since the closing of Monday.
The trade war seems to have also bite alcohol stocks. Jack Daniels’ Father Actions They form brown It has dropped more than 7% this week.
It’s about news. Update for updates.
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