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.
And there is zero resistance from the entirety of the rest of the US, there is no one there able to see how these are acts of self destruction on a very large scale and the reputational damage is becoming irreversible.
[Some]Americans: Vote for Donald Trump because they’re upset about the high cost of living
Trump: Does everything in his power to increase the cost of …everything
That’s the annoying part of this. Prices never creep down the same way they creep up. So things will always be more expensive. The only way it ever corrects is very violently in a massive depression and even that never fully corrects it.
Took his sweet time to realize he could put +100% tariffs.
It’s fine tho, we’ll sell our high quality liquors to other markets. See? The problem with putting tariffs to the whole world is that the whole world answers in kind. But only against you, wno started the tariffs. We can sell our liquors to Asia, to Canada or to Australia just fine. But your whiskey is right now nuclear waste; nobody wants it.
Next month: 1000% tariffs, and blame Europe for the high prices. Wouldn’t surprise me if he wants to go too war with Europe.
Next, Trump signs an executive decree that says they can now make champagne in the US because the US had been treated very unfairly by France by not allowing champagne to be made elsewhere and now that the USA can do it, everyone is going to become very rich.
…or something.
I mean technically anyone can call it champagne. I believe the only law is in France itself or possibly the EU. But I’d be curious how enforceable it is outside of gentlemen’s agreements.
