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Moet Champagne bottles see Berlin Brandenburg airport in Germany, Germany, February 24, 2025.
Jakub Porzycki | Nurphoto | Gets the image
President Donald Trump On Thursday, it plans to put 200% tariff for alcohol from France and other European countries in the latest escalation of world trade tensions.
The US tariff comes after the European Union has passed to resume import tax into American whiskey.
“The European Union, one of the most hostile and abusive taxation and tariff authorities in the world, which was formed for the sole purpose of using the United States, just put on a whiskey for a profitable 50% tariff for whiskey. If this tariff is not deleted immediately, the US soon placed 200% tariff for all the guilt, champagne, champions It will be presented in countries that will be high in champagne outlets from the French and other countries in the United States. The truth is social.
On Tuesday, the European Commission, the EU executive body, announced that it is a revenge on the US Tare and Aluminum lift the suspension About previous leaving on American goods, including whiskey, and new. These changes will take effect in April.
“The European Union must act to protect consumers and businesses. The counteraction we accept today are strong but proportionate,” said Ursula von der Leyen on Tuesday, president of the European Commission.
Secretary of Trade Howard Lutnik said on Thursday on Bloomberg television that Trump was “completely angry” by the EU, which led to the last threat.
The US still plans to announce an additional round of so-called mutual tariffs in April. European countries are expected to influence these measures.
“Their tariffs are going here, and our tariffs are down here. How about it: let’s rest. Let’s balance it,” Lutnik said on Thursday.
The news on Thursday put pressure on European alcohol reserves that have been fighting recently.
Paris stock LVMH should Hennessy Louis VuittonThe largest luxurious company in the world and headed billionaire Bernard Arnard, the richest man in Europe, fell on the ninth day and decreased by 14%since late February. Remim of countere Sittered on the third day, led to a loss of almost 11% on this site. Penod Ricard It also weakened on the third day and decreased by more than 6% since Monday’s closing.
It seems that the trade war has also bitten alcohol in the US. Jack Daniels ‘parents’ stock Brown forman This week, more than 7%decreased.
