LVMH, Kering, and Pernod Ricard stocks retreated on Wednesday as investors braced for retaliation from China. Kering, the parent company of Gucci, plunged by over 1.1% while Pernod Ricard fell by 0.75%. LVMG shares retreated by 0.35%. Other European companies exposed to China like Remy Cointreau, Stellantis, Hermes, and L’Oreal also retreated sharply. This crash happened after the European Commission said that it would impose a 25% tariff on Chinese electric vehicles (EV). The commission argues that Chinese EV companies benefit from state support, which explains why they are significantly chea…