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MOET champagne bottles are seen at Berlin Brandenburg airport in Schonefeld, Germany, on February 24, 2025.
Jakub porzycki | Nurphoto | Getty images
President Donald Trump He said Thursday that he plans to put a 200% tariff on the alcohol of France and other European nations in the last escalation of world commercial tensions.
The United States rate occurs after the European Union moved to restore an import tax to American whiskey.
“The European Union, one of the most hostile and abusive tax authorities and tariff Social truth.
On Tuesday, the European Commission, the EU executive agency, announced that it was taking reprisals against US tariffs on steel and aluminum by Raising the suspension In previous taxes on American products, including whiskey, and imposing new ones. These changes will enter into force in April.
“The European Union must act to protect consumers and businesses. The countermeasures we take today are strong but proportionate,” said Ursula von der Leyen, president of the European Commission.
The Secretary of Commerce, Howard Lutnick, said Thursday at Bloomberg Television that Trump was “totally annoying” for EU’s actions, which led to the last threat.
The United States still plans to announce an additional round of the so -called reciprocal tariffs in April. European countries are expected to also be affected by these measures.
“Your tariffs are up here, and our rates are here.
Thursday’s news seemed to press European spirits, which they had already been fighting recently.
Shares quoted by Paris of LVMH must Hennessy Louis VuittonThe world’s luxury brand company and headed by billionaire Bernard Arnault, the richest man in Europe, fell for a ninth day on Thursday and fell around 13% since the end of February. Remy Cintreau It relieved for the third day, carrying its loss to more than 11% in that section. Pernod Ricard Also weakened for a third day, and has dropped more than 7% since the closing of Monday.
The commercial war seems to have taken a bite from alcohol stocks from the United States. Jack Daniels Parent actions They form brown They have dropped 5.9% this week despite the emergence on Thursday.
