Trump threatens to put 200% tariff on French Champagne and other EU spirits
Publishing timestamp: 2025-03-13 12:19:49
Summary
The U.S. plans to impose a 200% tariff on alcohol from France and other European nations in response to the EU reinstating import taxes on American whiskey. This has led to a trade war escalation, impacting European liquor stocks like LVMH and American alcohol stocks like Brown Forman. JPMorgan sees signs of 'Trump exhaustion' affecting the market.
Sentiment: MIXED
Tickers: RI-FR, BF.B, MC-FR, RCO-FR,
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