Summary
Donald Trump announced a planned 200% tariff on French and EU alcoholic beverages in response to the European Union’s decision to reinstate tariffs on American whiskey.
Trump accused the EU of unfair trade practices and demanded an immediate reversal of its 50% whiskey tariff.
The EU’s move is part of broader retaliation against U.S. steel and aluminum tariffs.
The dispute has rattled liquor stocks, with major European brands like LVMH and Remy Cointreau dropping, while U.S. alcohol stocks, including Jack Daniels’ parent Brown-Forman, also declined.
Champagne is a status symbol, people in clubs that need to show off are already paying $2000 for a bottle worth $50
Absolutely, and they’ll likely pay 2000 for a bottle that costs 100. Realistically even more…
Yeah, especially with such things, it will probably just become even more desirable by those stupid fucks paying that much for sparkling wine
So, this could actually be a win for Champagne, just like Cuban cigars got the image of being rare, good and expensive