Bernard Arnault’s Fortune Drops By $12.5 Billion After Trump’s 200% Tariff Threat Against French Wines [Forbes]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Forbes
to impose 200% tariffs on French wines and champagnes tanked the shares of his luxury goods conglomerate LVMH. Bernard Arnault listens as President Donald Trump speaks before Steve Witkoff is sworn as special envoy during a ceremony in the Oval Office of the White House. ... More Copyright 2025 The Associated Press. All rights reserved. Key Facts Louis Vuitton Moet Hennessy's Paris-listed shares fell more than 3% to €565.10 ($663) on Tuesday, after Trump issued the threat on Monday night. LVMH owns several key French luxury liquor brands like Moët & Chandon, Dom Pérignon, Château Cheval Blanc, Veuve Clicquot, Ruinart and Château d'Yquem. Trump floated the tariff threat Monday night when reporters in Miami asked him about French President Emmanuel Macron's reported unwillingness to join his Gaza Board of Peace. At first, Trump said “nobody wants him” on the board, but then added: “I'll put a 200% tariff on his wines and champagnes and he'll join.” The threat comes jus
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