Trump to place 200% tariffs on EU alcoholic products if EU tariffs not removed

President Donald Trump said in a Truth Social post: “The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky. 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 COUNTRIES. This will be great for the Wine and Champagne businesses in the U.S.” Publicly traded stocks include AB InBev (BUD), Constellation Brands (STZ), Brown Forman (BFA), and Diageo (DEO).