Trump Threatens 200% Tariffs on French Wine Amid Trade Tensions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: CNBC
- Escalating Trade Tensions: President Trump has threatened to impose 200% tariffs on French wines and champagne due to President Macron's reported refusal to join Trump's 'Board of Peace,' potentially worsening US-France relations.
- Significant Economic Impact: Should these tariffs be enacted, they could severely affect France's wine industry, which saw exports reach approximately €14 billion in 2019, with increased tariffs likely leading to substantial revenue declines and impacting overall industry profitability.
- Market Reaction: Following this news, European stocks broadly fell, with futures indicating the Dow Jones Industrial Average could drop over 600 points at the open, reflecting the market's heightened sensitivity to escalating trade conflicts.
- EU Countermeasures: The EU is reportedly considering the use of its 'Anti-Coercion Instrument' to impose tariffs worth up to €93 billion on the US in retaliation for Trump's threats, which would further exacerbate global trade tensions.
Analyst Views on STLA
Wall Street analysts forecast STLA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for STLA is 11.81 USD with a low forecast of 9.33 USD and a high forecast of 15.15 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 10.020
Low
9.33
Averages
11.81
High
15.15
Current: 10.020
Low
9.33
Averages
11.81
High
15.15
About STLA
Stellantis N.V., formerly Fiat Chrysler Automobiles N.V., is a holding Company based in the Netherlands and operates as an automaker and a mobility provider. The Company is engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Company has industrial operations in more than 30 countries and sells its vehicles directly or through distributors and dealers in more than 130 countries. The Company designs, manufactures, distributes and sells vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. In addition, the Company designs, manufactures, distributes and sells luxury vehicles under the Maserati brand. The Company's brand portfolio also includes Peugeot, Citroen, DS Automobiles, Opel and Vauxhall. It offers a wide variety of vehicle choices from luxury and mainstream passenger vehicles to pickup trucks, sport utility vehicle (SUVs).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
