Trade War Spills Over Champagne & Meta Tries to Slow Tell-All Book
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What are the implications of a 200% tariff on European alcohol?
Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, France has got champagne problems after Trump floated a 200% tariff on European alcohol.
Ben Amedda secured a key legal victory against a whistleblower, leaving the future of her memoir in doubt. It's Friday, March 14th. Let's ride.
Good morning, happy Friday, and happy Pi Day 314, the day we celebrate the most elegant of all irrational numbers. Pi, defined as the ratio of a circle's circumference to its diameter, has been key to the development of math because it's used to understand anything that involves a circle, sphere, or curve. And at 22 trillion known digits and counting, it's also been excellent material for memorization contests. The person who holds the unofficial world record for reciting the most digits of pi from memory is a Japanese guy named Akira Haraguchi who in 2006 counted more than 100,000 digits over 16 hours. That's a lot.
That is a lot. And I was thinking about my own training with pie in the past because I think a lot of people have gone through a pie phase. Maybe that's just me. But this one technique that I recommend using is called the memory palace. You've probably seen it in Sherlock Holmes show from a few years back. But it involves creating an imaginary place in your mind where you sort of store these mnemonic images that represent strings of numbers. So for instance, you might take a stroll through that location. For me, it's like my childhood bedroom is what I use in order to, you know, do a pie recitation contest. And it worked pretty well for me. I got up to like 50 to a hundred digits. I still got, you know, 50 in the memory palace locked in today.
I will spare you all from hearing that though, because that's not good podcasting. Just hear you hear me rattle off some digits here and there, but yeah, try the memory palace technique out. You might not get to a hundred thousand digits, but it's a good kicking off point. Now a word from our sponsor, Invesco QQQ. Neil, how are you feeling about your sleep schedule these days?
Well, it is not great. Too much thinking, not enough sleeping. What's keeping you up at night? I think information overload. I'm always reading about business news and the market, and it leaves me wondering if I'm investing in the right stuff.
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How does the trade war between the U.S. and EU affect the alcohol industry?
That was the plea of the alcohol industry as they found themselves once again as the fall guy in the escalating trade war between the U.S. and Europe. President Trump took aim at the bubbly yesterday morning when he said he'd put a 200 percent tariff on wine, champagnes and other alcoholic products coming out of France and the EU. The threat was a response to Europe announcing a 50% tariff on Kentucky bourbon and other American goods, which itself was a response to Trump putting a 25% tariff on aluminum and steel from all countries. It's a jab, left hook, then uppercut in the heavyweight economic boxing match of our age. No one on both sides of the Atlantic had particularly nice things to say about each other.
Trump called the EU one of the most hostile and abusive taxing and tariffing authorities in the world, while France's foreign minister replied, We will not give in to threats and will always protect our industries. Caught in the crossfire are alcohol companies who have consistently been targeted in trade spats because they're so core to national identity. Toby, a 200% tariff means European wines would become two to three times more expensive. Looks like it's California Cab instead of Beaujolais on the menu for the foreseeable future.
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Chapters
6 chapters
1
What are the implications of a 200% tariff on European alcohol?
0:01–2:47
2
How does the trade war between the U.S. and EU affect the alcohol industry?
2:47–10:26
3
Why is Meta trying to stop a former employee's tell-all book?
10:26–12:49
4
What are the allegations in the book 'Careless People' about Meta?
12:49–19:31
5
Who is Intel's new CEO and why did the stock rise?
19:31–22:04
6
What are the challenges facing Intel's new leadership?
22:04–27:25
Speakers
3 identifiedMore from Morning Brew Daily
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