4.8 • 12.9K Ratings
🗓️ 13 March 2025
⏱️ 16 minutes
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0:29.7 | As the world stands up to Donald Trump, Donald Trump panics, causing more market uncertainty, |
0:40.0 | causing the markets to continue to tank. |
0:46.6 | Donald Trump took to his social media platform and threatened that if EU does not remove the tariff on whiskey in retaliation to the United States putting a 25% steel and aluminum tariff on Europe. The U.S. is going to put a 200% |
0:58.2 | tariff on all wines and champagne. Donald Trump says this is going to help all of the champagne |
1:05.5 | suppliers in the United States. Donald Trump doesn't realize that you don't make champagne in the United States. |
1:12.5 | Here's what Donald Trump posted. The European Union, one of the most hostile and abusive taxing and |
1:18.6 | tariffing authorities in the world, which was formed for the sole purpose of taking advantage of the |
1:24.0 | United States, has just put a nasty 50% tariff on whiskey. |
1:28.3 | If this tariff is not removed immediately, the U.S. will shortly place a 200% tariff on all |
1:36.3 | wines, champains, and alcoholic products coming out of France and other EU represented countries. |
1:44.6 | This will be great for the wine and champagne businesses in the US. |
1:49.6 | It should be noted Donald Trump has a failing wine company in the United States. |
1:54.7 | And then when it comes to the champagne industry, there is no champagne industry in the United |
2:00.6 | States. On that news, the markets further tanked. |
2:04.4 | So CNBC then interviewed Scott Bessent, Donald Trump's Treasury Secretary about these 200% |
2:10.5 | tariffs. Here's what Bessent had to say, let's play it. And one or two items with one trading block, I'm not sure why that's a big deal for the market. |
2:22.8 | Very reassuring. I'm being sarcastic, of course, to hear the Treasury Secretary says, |
... |
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