DAVIDE CMPRI MIL UNSP/ADR

President Trump threatens to impose a 200% tariff on European wine and alcohol products unless the EU removes its 50% tariff on American whiskey. The move sent shockwaves through the beverage industry, with European producers like Davide Campari-Milano and Rémy Cointreau seeing their shares drop, while American producer Brown-Forman saw a rise in its stock price.

Related tickers: DVCMY, BF.A, BF.B, REMYY.

Italian stocks closed lower on Tuesday, with the Investing.com Italy 40 index declining 0.53%. Losses were seen in the Technology, Financials, and Oil & Gas sectors.

Related tickers: DVCMY, PRYMY, IVCGF, FINMY, STM, ARZGY.