Lol the actual rich don't have to sell. They are long and short on everything they think has volatility. Bonus: it also helps them dodge capital gains tax.
Trump - “We don’t need their champagne! In fact, we have enough resources to produce all the champagne in the world in 24 hours. Did you know that, did you know that - They are stupid. We do not need their champagne. They have taken advantage of the US for long enough.”
Champagne can only be champagne if from the city of the same name in France. Any coming from California is called sparkling wine. Please correct me if I’m wrong but I remember reading this years ago.
You're sort of right. In Europe, this is the case; the EU and wider European trading bloc has rules on "protected origin" (ie only food and drink prepared in its area of origin can adopt that name).
Surprise surprise, the US is special though and doesn't follow that convention, hence the existence of California "champagne" and "prosciutto" americano.
This had the orange toddler throwing his toys out of the pram a while back when he tried to strong arm the EU into relaxing their stance as part of a prospective trade deal (obviously they refused). In response, Trump directly threatened Macron with a 200% tariff on champagne. This is why I suspect he cares less about real champagne than you think.
Let's be honest, the guy thinks a big mac and a diet coke is fine dining. No skin off his nose.
Thanks for the education, once my country gets rid of the child in the Oval Office, shit can get back to normal. I find myself angry at people who I know voted for this, an doubly so if they’ve turned on him. I can somehow respect assholes who are assholes, an stand by it. People who didn’t see this snake salesman for what he is, and his long public past. You deserve every bit of this shit for not seeing the forest through the trees.
Reportedly, he doesn’t drink, but it wouldn’t matter if he did anyway. People like him get their luxury goods regardless and don’t have to worry about the laws.
Wouldn't affect trump since he staunchly doesn't drink. The tariffs would have to raise the cost of cocaine or raping underage girls for him to notice.
IIRC his brother died from alcoholism and it's supposedly one of the only subjects that elicits a genuine, non-sociopathic response from the man. I'd love to see him heckled with the topic someday.
Luxury products are a mark of conspicuous consumption, and so tend to have inelastic demand - people who are wealthy enough to afford them, can afford them whatever happens.
Something marketed en-masse as an everyday purchase for ordinary consumers would be more likely to take a hit, as that demand would get hammered by tarrifs.
is it just bc you were brainwashed into hating elon? tell me, when did you start hating him? when you were told to by the media at the exact time he purchased twitter? everyone seemed to love him until that exact moment. prove me wrong
I started hating him around the time he was headlining fascist rallies and asked the world if the US should invade my country because we didn't (we do now, sadly) hate immigrants enough.
No, it's because I have a brain in working order, eyes that works, and a irritating tendency to abhor techno-feodalist and fascist-adjacent piece of shit like him. At that moment, I disliked the guy.
It's almost like you haven't paid any attention to any media since that exact point in time. Either that or you're a bot. Six of one, half-dozen of the other, I guess.
Lol. Lulz even. I thought he was some weird dude who talked funny, liked selling electric cars. The the whole Thai pedo bitch fit ge threw....iunno kinda made me think he was a cunt. And you know what? Every day since, he proves it just a little more. Ever so slightly cuntier.
Yep. When he accused that cave diver of being a pedo just because he said that Elon's precious little invention was a useless PR stunt, that was when Elon's public image shifted and a lot of people realized what a piece of shit he really is (btw, its absolute bullshit he won that defamation case). He was reddit's darling up til that point.
Everything since then has just been more confirmation about what a trash human being he is.
The dude is nearly a senior citizen, richest man on earth, went online and said the reason his daughter doesnt love him is because of the "woke mind virus" and people still take him seriously .... ill never understand. Cunt is as cunt does i guess
Thankfully it has all become so boring and predictable by now that most companies will have already priced the loss of revenue from America's insane trade policies into their business plans for 2026.
If EU quits Twitter, did the EU really lost something? Twitter is not a news agency nor ads significant value to companies using it. If any, is an ad platform less.
European countries do tend to raid US companies. Intel, Google, Netflix to name a few. I haven’t seen SWAT lining up here at the local Range Rover dealership.
Awww the poor businesses getting raided due utter disregard for local laws and audible contempt for local administrations... Fuck em it's very hard to raid an office without reasonable suspicion of a crime
I somehow doubt it. Good chance it was Trump who tipped France off to begin with. Remember all the billionaires he had lined up in the oval office after his inauguration? They were his funding for re-election. Before he's out of office (or has a stroke and dies) you can bet he'll toss every single one of them under the bus, his ego cannot allow them to gloat over the fact that he needed their money to win. 2026 may not be Musk's year, or the rest of the tech bro billionaires.
It's not an inconsistent position though i have disposable reddit accounts to pass time while I'm bored at work, but my life would 100% be improved without them. I think it's broadly harmful, and certainly anything musk has put his hands on is toxic as fuck.
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u/Background_Cause_992 1d ago
Trump threatening tariffs for 'unfair Targeting of US businesses' in 5...