President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.
The European import tax, which was unveiled in response to steel and aluminum tariffs by the U.S. administration, is expected to go into effect April 1, just ahead of separate reciprocal tariffs that Trump plans to place on the EU.
But Trump, in a morning social media post, vowed a new escalation in his trade war if the EU goes forward with the planned 50% tax on American whiskey.
“If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES,” Trump wrote. “This will be great for the Wine and Champagne businesses in the U.S.”
READ MORE: https://www.wcnc.com/article/news/nation-world/trump-threatens-tariff-european-wine-champagne-spirits-after-eu-proposes-american-whiskey-tariff/507-a8d9a00b-cab2-4e04-be09-c61a9387ad94
9 Comments
Cool drink american booze again
Why does trump want to make enemies with European countries.
Return to home products. Do we really need French wine? Oh, but I do think Russian vodka is the best!
35 Million Diaspora. In the Continental United States.
🇮🇪🇪🇺☘️
Sooo, the "businessman" who bankrupted his own CASINOS n bankrupted several of his other businesses (airline, steaks, vodka, a "University "!) And had a Corrupt Criminal Non Profit shut down. Thinks he understands Tariffs n Global Economics?😅😅
Go get em Trump! 😂
Pete Hegseth is not happy with this
He don't drink but once he knows how much money is involved..he may re visit the idea.
That’s fine. The American people will be paying an extortionate price for their alcoholic beverage of choice if it’s imported from Europe.