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
Morning Wrap: Global sell-off in the technology sector (13.02.2026)
Daily summary: Silver plunges 9% ๐จIndices, crypto and precious metals under pressure
Does the current sell-off signal the end of quantum companies?
Howmet Aerospace surges 10% after earnings reaching $100 bilion market cap ๐
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
