Shares in French Distillers Drop on U.S. Tariff Threat -- Market Talk

Dow Jones

03-13

1241 GMT - Shares in French distillers fall after President Trump said he could impose tariffs on French alcoholic products. The EU said Wednesday it planned 50% tariffs on imports of American whiskey starting April 1. "If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES," Trump said on Truth Social. Shares in Moet & Chandon owner LVMH fell 1.9%, while those in Pernod Ricard and Remy Cointreau dropped by 3.3% and 4.1%, respectively. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 13, 2025 08:41 ET (12:41 GMT)

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The EU said Wednesday it planned 50% tariffs on imports of American whiskey starting April 1. \"If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, &amp; ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES,\" Trump said on Truth Social. Shares in Moet &amp; Chandon owner LVMH fell 1.9%, while those in Pernod Ricard and Remy Cointreau dropped by 3.3% and 4.1%, respectively. 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The EU said Wednesday it planned 50% tariffs on imports of American whiskey starting April 1. \"If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, &amp; ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES,\" Trump said on Truth Social. Shares in Moet &amp; Chandon owner LVMH fell 1.9%, while those in Pernod Ricard and Remy Cointreau dropped by 3.3% and 4.1%, respectively. (andrea.figueras@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2025 08:41 ET (12:41 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REMYY","symbol_name":"Remy Cointreau SA","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2519839394","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519839394","pubTimestamp":1741869660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1241 GMT - Shares in French distillers fall after President Trump said he could impose tariffs on French alcoholic products. 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The EU said Wednesday it planned 50% tariffs on imports of American whiskey starting April 1. \"If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES,\" Trump said on Truth Social. Shares in Moet & Chandon owner LVMH fell 1.9%, while those in Pernod Ricard and Remy Cointreau dropped by 3.3% and 4.1%, respectively. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2025 08:41 ET (12:41 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}