1215 GMT - Shares in European distillers and luxury companies dropped after President Trump said he would recommend a 50% tariff on the European Union, starting on June 1. "The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with," Trump said on Truth Social. "Our discussions with them are going nowhere!," he added. Shares in LVMH, Hermes and Kering fall more than 3.5%. Brunello Cucinelli and EssilorLuxottica drop 4.4% and 5.1%, respectively. Pernod Ricard and Remy Cointreau trade 4.3% and 5.4% lower, respectively. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 23, 2025 08:16 ET (12:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。