this post was submitted on 13 Mar 2025
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Trump vows 200% retaliatory tariff on European wine and spirits (www.aljazeera.com)
submitted 1 month ago by [email protected] to c/[email protected]
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Author: Al Jazeera
Published on: 13/03/2025 | 00:00:00

AI Summary:
EU announced tariffs on $28bn in US goods, including a 50 percent levy on US bourbon whiskey, on Thursday in retaliation after US tariffs came into effect the previous day. "If this Tariff is not removed immediately, the U.S. Will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED Europe’s response to Trump’s steel and aluminium tariffs means that the cost of a $30 bottle of bourbon in Paris could increase to $45. Their imposition raises questions about whether the wider business community might openly challenge a series of trade wars that have hurt the stock market and scared consumers. In the US, Distilled Spirits Council head Chris Swonger called the EU’s plans “deeply disappointing”.

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[–] [email protected] 3 points 1 month ago (1 children)

Unfortunately this isn't really possible. The global economy has become so intertwined almost all countries heavily rely on their international imports and exports.

All these tariffs Trump is putting on anything will sink the US economy leading to the biggest crash in the past 30 years at least, if not ever.

[–] [email protected] 1 points 1 month ago (1 children)

Its gonna be great for my stock portfolio tho. How low will it go.

[–] [email protected] 2 points 1 month ago (1 children)

any tips on how your'e profiting from it

[–] [email protected] 3 points 1 month ago* (last edited 1 month ago) (1 children)

Ive got liquid that I'm buying stocks with. As long as I don't sell my stocks I've only lost money on paper.

Classic buy low sell heigh. Its low so to time to buy (maybe not quite yet I don't think its at the bottom quite yet). I did sell a decent amount near new year taking advantage of the boost that u get around that time as well.

Don't take any of this as advice I'm just just some dummy on the internet tryna play this game we call capitalism.

Edit: I do consult with Dr GPT and found that its relatively effective. I use a reasoning model with tool use and use the database of summaries I've made with this bot along with price charts + basic processing as context. Its not an automated process I just use it as a consultant and do shit manually (mainly cos fees for an autonomous agent on the stock market are wayyyy to expensive)

[–] [email protected] 1 points 1 month ago

this isn't advice either but I hear a lot of people say not to time the market, just "hodl"

https://www.morganstanley.com/atwork/employees/learning-center/articles/cant-time-market