Trump's 200% tariffs could have an unlikely winner — troubled beer brewers [CNBC]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: CNBC
Such a levy, if enacted, could “literally wipe out” all global profits for some European drinks producers, Bernstein analyst Trevor Stirling told CNBC Friday. However, the plans could have one unlikely beneficiary, analysts have suggested — the struggling beer industry. A twelve pack of Budweiser sits on a shelf for sale at a convenience store in New York City. U.S. President Donald Trump's threat to impose 200% tariffs on alcohol from Europe would serve a major blow to drinks makers on the continent, but it could have one unlikely beneficiary — the struggling beer industry. President Trump said Thursday that he may target from France and other European nations after the European Union moved to reinstate an import tax on American whiskey in response to earlier Trump tariffs. Such a levy, if enacted, could “literally wipe out” all global profits for some European drinks producers, Trevor Stirling, managing director and European beverages analyst at Bernstein, said Friday.
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