Trump threatens to put 200% of the French champagne fee and other EU spirits

The president of the United States, Donald Trump, said Thursday that he plans to put a 200% tariff on the alcohol of France and other European nations in the last climb of global 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 announced that it was retaliation against US steel and aluminum tariffs for Raising the suspension In previous taxes on American products, including whiskey, and imposing new ones.

“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 14% since the end of February. Remy Cintreau Falme for a third day, bringing its loss to almost 11% in that section. Pernod Ricard Weakened for the third day, and has dropped more than 6% 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 more than 7% this week.