“The European Union, one of the most hostile and abusive tax and tariff authorities in the world, which was formed for the sole purpose of taking advantage of the United States, has just imposed an unpleasant tariff of 50% on whiskey. If this tariff is not immediately removed, the US will soon impose a 200% tariff on all WINES, CHAMPAGNE, and ALCOHOLIC PRODUCTS LEAVING FRANCE AND OTHER COUNTRIES. This will be great for the wine and champagne business in the USA,” said Trump, in his social media Truth.

On Tuesday, the MAuropean Commission announced that it was retaliating against MA's tariffs on steel and aluminum by suspending the previous tax suspensions on MA products, including whiskey, and imposing new ones.

On the French stock exchange, LVMH Moet Hennessy Louis Vuitton (LVMH) fell by 1.05%. Remy Cointreau devalued by 3%. Pernod Ricard (PMARP) declined by 3.15%. On the other hand, shares of the controller of American whiskey Jack Daniels, Brown Forman (BFb; Nyse), fell by 5.08% yesterday.