Trump threatens to put 200% tariff on French Champagne and other EU spirits
(www.cnbc.com)
from MicroWave@lemmy.world to world@lemmy.world on 13 Mar 2025 13:00
https://lemmy.world/post/26773453
from MicroWave@lemmy.world to world@lemmy.world on 13 Mar 2025 13:00
https://lemmy.world/post/26773453
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.
#world
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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.
I read somewhere that the US president can only impose tariffs of up to 25% unilaterally and that anything higher requires congressional approval.
Could be that when it’s considered ‘retaliation’ that changes the rules.
Laws are only as effective as their enforcement, which means the US president can currently do pretty much whatever the fuck he wants to.
I wish more people would understand this perspective. Americans might be picking a fight with the whole world, but the rest of the world only has to worry about 1 country picking a fight with them.
And the world restructures its trading away from the US; they come out fine eventually but the US loses money and influence.
<<emperors voice>>
Do it.
[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.
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
DO IT! MORE CHAMPAGNE AND SPIRITS FOR US!
He doesnt apprecheate taste either way. Wouldnt even recognise it if it would shoot him
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.
Because resistance takes effort…! Loki was right. Subjugation is their natural state.
Next month: 1000% tariffs, and blame Europe for the high prices. Wouldn’t surprise me if he wants to go too war with Europe.
At this point It would be funny if the other parties forced him to have absurdly high tariffs like ten-quadrillion percent on everything. Just do it
Line must go up!
Just have the tariffs double each week like russia did with the Youtube lawsuit.
No everybody loves the most bigly numbers everyone has ever seen. Make it one thousand octrillion per cent more than russia. Actually lower the tariffs on everything russian by the same amount.
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.
Easy: build a network city owned by corporations. Call it champaigne. No one will notice (in the us)
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.
France has a worldwide trademark on the name Champagne since 1891, and it is one of the many named protected EU wide by the “protected designation of origin” registry.
But you can find “legal” US Champagne, because “California Champagne” was a separate trademark - any US manufacturer that made it before 2005 can continue using it.
Though it would be kinda hilarious if the Trump decided to start disrespecting global trademarks like that, as that’s something that works both ways. Care for some French or Canadian made Tennessee Whisky, anyone?
Tennessee whisky is not a marketing argument in Europe, you’re safe there.
Ship more to Canada, Mexico and the rest of the world…
Champagne region is well known for human trafficking and modern slavery.
Fuck them
If only they were this enthusiastic about raising taxes on the ruling class…
He also said these tariffs would do wonders for the American champagne industry ignoring the fact that by definition champagne can only come from France.