China has just spoken, Trump announces to the world: tax rate raised to 200%! The first sacrificial country appears
#MSCI日本指数 China has just spoken, Trump announces to the world: tax rate raised to 200%! The first sacrificial country appears
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At 3 AM, the popular wine shop on 10th Avenue in New York turned on its lights. The owner put new labels on Bordeaux red wine originally priced at $25, marking them up to $75. He casually shot a short video and posted it on social media, which hit over a million views in two hours, with comments all asking one term, 200% tax
Mobile push notifications exploded synchronously, with the keyword being Trump's French tariffs. Just as the day passed, the night brought changes. The timestamp on the U.S. announcement contained only a few cold numbers, but the content directly pushed French wine onto the heavy tax list, away from friendly competitors.
Champagne is the first to bear the brunt. Customs data shows that last year, the U.S. imported 27.1 million bottles of champagne at an average offshore price of $14. After taxes and state sales taxes, the end price surged to three times the past. A bottle of sparkling wine from Mosel originally cost only $30, but it will have to be marked up to $90 in stores by tomorrow morning.
The numbers behind reflect hills and oak barrels. The Charente department vineyards have about 80,000 wine farmers who rely on the U.S. market for an export value of €3.4 billion annually. Now, a single tariff has sent them tumbling off a cliff. They updated their reports overnight, predicting layoffs this season could reach 20,000, and even glass bottle manufacturers in the upstream supply chain are preparing for furnace shutdown plans.
The Greenland Island incident is a thorn. The initial proposal to purchase the island was gently rejected by Denmark.