The stock market reacts to new threats of US surcharges on European luxury goods

Donald Trump is threatening Europe with new taxes on US imports of luxury goods, up to 200% for French wines and champagnes, if the old continent opposes his plans to buy Greenland. The stock market reacts by penalizing European luxury stocks.

Donald Trump continues to cause concern for the European luxury sector, and for the French wine and spirits sector in particular.

During a press conference held on the night of January 19-20, the US president issued a new threat to impose a 200% tax on French wines and champagnes.

Greenland and the Peace Council…

He intends to carry out this threat if the French government does not approve his ambitions for Greenland and the creation of a “Peace Council,” whose first task would be to rebuild Gaza.

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