US President Trump: "I will impose 200% tariff on French wines and champagne, and President Macron will join the Board of Peace"

Newsquawk Staff · 20 Jan 2026, 05:14 UTC

What it means

President Trump's announcement of a 200% tariff on French wines and champagne signals a significant escalation in trade tensions with France, which could provoke retaliatory actions and impact broader EU-US relations. This move may lead to increased volatility in the forex and commodities markets, particularly affecting the euro and sectors linked to trade with the region, as investors reassess global trade dynamics and potential economic repercussions.

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US Market Open, 6 Nov, 10:48 UTC · what it led with

APAC stocks were pressured; KOSPI slumped 6% following hefty losses in Samsung and SK Hynix.
USD is firmer against all G10 peers awaiting the US NFP report.

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