European Drinks Makers Drop Further After EU-U.S. Trade Agreement Details Unveiled -- Market Talk

Dow Jones

2025/08/21

1137 GMT - Shares in European spirits producers fall further after the EU and U.S. disclosed details of a trade deal. According to the agreement, alcoholic beverages from the EU will be subject to a 15% tariff, despite the 27-nation-bloc's efforts to secure an exemption. Some other products from the EU will be exempt from President Trump's levies. The stocks of European distillers were already trading lower earlier in the session, and their losses deepen on the news. French liquor maker Pernod Ricard trades 2.4% lower, while peer Remy Cointreau slides 1.9%. Italian Aperol maker Davide Campari-Milano falls nearly 2%, while shares in Diageo drop 0.9%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

August 21, 2025 07:37 ET (11:37 GMT)

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