Read more
12:14 · 13 March 2025

Trump threatens tariffs on European wines and champagnes; Pernod Ricard and Remy Cointreau shares under pressure 📉

EUR/USD
Forex
-
-
Pernod Ricard
Shares
RI.FR, Pernod Ricard SA
-
-
Remy Cointreau
Shares
RCO.FR, Remy Cointreau SA
-
-
LVMH
Shares
MC.FR, LVMH Moet Hennessy Louis Vuitton SE
-
-

Trump threatens high tariffs on French wines and alcohol from the EU (up to 200%) if the 50% tariff on American whiskey is not immediately lifted, the US president said.

 

Source: X

The euro fell slightly after this information, as this part of the European market is relatively important in terms of the EU's overall foreign trade. Shares of companies such as Pernord Ricard and Remy Cointreau lost more than 4% after this information.

 

Shares of European alcohol companies are losing value after these announcements. Source: xStation

29 October 2025, 10:30

Nvidia Nears $5 Trillion Valuation as AI Boom and Geopolitical Signals Drive Growth

29 October 2025, 10:22

Chart of the day: AUDUSD (29.10.2025)

29 October 2025, 09:48

Microsoft Preview : What to expect of Q3 Earnings?

29 October 2025, 08:47

Economic calendar: Fed, BoC and Mag 7 companies to fight for investors' attention (29.10.2025)

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Join over 1.7 Million investors from around the world