<div id="readability-page-1"><p>U.S. President Donald Trump's threat to impose a 200% tariff on French wines and champagnes dragged down several European stocks on Tuesday. Trump made this move in an effort to push French President Emmanuel Macron into joining his Board of Peace initiative aimed at resolving global conflicts. The Paris-listed shares of luxury giant LVMH (FR:MC), which owns Moët &amp; Chandon, Dom Pérignon, and Veuve Clicquot brands, fell 4.3%. Meanwhile, shares of Remy Cointreau (FR:RCO) and Pernod Ricard (FR:RI) declined 4.4% and 2.1%, respectively.</p><h3>Claim 50% Off TipRanks Premium</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <p>European leaders have condemned Trump's fresh tariff threats, calling them &#34;unacceptable.&#34; They are reportedly considering countermeasures, with France urging the European Union to use its economic counter-threat, called the &#34;Anti-Coercion Instrument.&#34;</p> <h2><strong>Trump's Tariff Threats Impact Global Markets</strong></h2> <p>Major European indexes were under pressure today, as Trump warned on Sunday that he will announce higher tariffs on eight European allies (Denmark, Norway, Sweden, France, Germany, the U.K., the Netherlands, and Finland), starting at 10% on February 1 and increasing to 25% on June 1, if an agreement is not reached to allow the U.S. to &#34;buy&#34; Greenland.</p> <p>Furthermore, on Tuesday, Trump warned about a 200% tariff on French wine and champagne following reports that France's President Emmanuel Macron was unwilling to join his Board of Peace initiative on Gaza.</p> <p>&#34;I'll put a 200% tariff on his wines and champagnes, and he'll join, but he doesn't have to join,&#34; said Trump when asked about Micron's stance, <em>Reuters</em> reported.</p> <p>It is worth noting that wines and spirits exported by the European Union to the U.S. currently face a 15% tariff. The U.S. is the largest market for French wine and spirits, with shipments to the country standing at 3.8 billion euros in 2024.</p> <h2><strong>Analyst Ratings on Key French Alcoholic Beverage Stocks</strong></h2> <p>Currently, the consensus rating for both LVMH and Pernod Ricard stocks is a Moderate Buy, while Remy Cointreau has been assigned a Hold consensus rating. According to TipRanks' Stock Comparison Tool, the average price targets for these stocks indicate the highest upside potential in Pernod Ricard.</p></div>

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<p>U.S. President Trump's threat of a 200% tariff on French wines and champagnes has negatively impacted European stocks, particularly luxury brands like LVMH, Remy Cointreau, and Pernod Ricard. European leaders have condemned the tariff threats and are considering countermeasures. Major European indexes are under pressure as Trump threatens higher tariffs on several European allies if an agreement regarding Greenland is not reached. Currently, LVMH and Pernod Ricard hold a Moderate Buy rating, while Remy Cointreau has a Hold rating.</p>

Trump's 200% Tariff Threat on French Wines, Champagnes Drags Down Stocks