European liquor manufacturers' stock prices are expected to rise as they may receive tariff exemptions from the United States.

On Tuesday, European liquor manufacturers saw their stock prices rise as the market anticipated that the industry may receive some benefits in the trade agreement expected to be reached between the US and Europe. On Monday, three sources disclosed that liquor, certain medical devices, as well as airplanes and components, could be exempted from the proposed 10% tariff. As of the time of writing, the stock prices of Remy Cointreau, Pernod Ricard, and Campari had each risen by 1.5% to 3.0%. Equita analyst Paola Carboni stated, "In the liquor industry, the biggest beneficiaries of the US canceling or reducing import tariffs will be Remy Cointreau, followed by Campari, then Pernod Ricard." The EU is seeking to reach a preliminary trade agreement with the US this week in order to lock in a 10% tariff rate after the August 1 deadline, while continuing negotiations for a permanent agreement. Sources revealed that the EU is seeking to exempt certain key products from the 10% tariff, including airplanes, airplane components, as well as wine and liquor. It is expected that some form of relief will be provided as part of the provisional agreement. The European Commission responsible for trade affairs notified member states of the progress in negotiations on Monday.