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] 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