LVMH: Trump brandishes threat of a 200% tariff on French wines and champagnes
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Renewed tensions between the US and Europe are impacting European exporters, particularly luxury and spirits companies like LVMH, which has seen shares drop over 10% in a week. President Trump threatened a 200% tariff on French wines and champagnes in response to France's stance on Greenland, linking it to broader geopolitical issues. This situation is also affecting other companies in the sector, including Kering, Hermès, Rémy Cointreau, and Pernod Ricard.
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