Moet Champagne bottles are visible at the Berlin Brandenburg airport in Schonefeld, Germany on February 24, 2025.
Jakub Porzycki Nurphoto | Getty images
US President Donald Trump said on Thursday that he is planning to impose a 200% tariff on alcohol from France and other European nations in the latest escalation of global commercial tensions.
The US tariff appears after the European Union has moved to the restoration of import tax from American whiskey.
“The European Union, one of the most hostile and offensive tax and tariff organs in the world, which was created only to use the United States, just placed a nasty 50% tariff for whiskey. If this tariff is not removed immediately, the US will soon place a 200% tariff for all wines, champagne and alcoholic alcoholic products, and others will be great for wine and champagne, champagne and champagne. companies in the USA – said Trump on Social truth.
On Tuesday, the European Commission announced that retaliation against American tariffs for steel and aluminum Lifting the suspension On previous fees for American goods, including whiskey and imposing new ones.
“The European Union must operate to protect consumers and business. The plant we are undertaking today are strong but proportional, “said Ursula von der Leyen, president of the European Commission on Tuesday.
News on Thursday seemed to exert pressure on European alcohol supplies that had recently fought.
Shares in Paris LVMH must Hennessy Louis VuittonThe largest luxury company in the world and led by the billionaire Bernard Arnault, the richest man in Europe, fell on Thursday the ninth day, falling 14% since the end of February. Remy Cointreau Facilitated the third day, increasing the loss to almost 11% in this episode. Pernod Ricard Weakened after the third day and fell by more than 6% from closing on Monday.
It seems that the trade war has also bitten in American wrestling of alcohol. Actions of Jacek Daniels Parent Brown Forman This week it fell by over 7%.
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