The US president has threatened 200% tariffs on all wines, champagnes, and other alcoholic beverages imported from the European Union into the US.
Donald Trump said it was in response to the EU placing a 50% tariff on whisky.
Read more here:
https://news.sky.com/story/trump-threatens-eu-with-200-tariffs-on-alcohol-including-wine-and-champagne-13327780
#skynews #france #eu #europe #alcohol #champagne #whiskey #economy #usa #trump
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46 Comments
European products are light years superior to low quality US products
This is spiralling out of control.
Love 15 , tariff tennis.
Wow, these tariffs are not so bad after all 😂
Great idea Donald. Bring it on
Trump is a bully and a psycho. stop indulging him.
lol…why not put tariffs on something that matters and moves the needle if hes so serious? wine and champagne? 🤣
https://youtu.be/IOK8Jb76ibc?si=8GaCll92eyU9SZ6D
My God.
Have fun, Donny, the people paying it are your own.
I hope the ppl of Europe,Canada and Mexico know that Chicago isn't to blame for any of this and I hope they consider Chicago as an ally even tho we're located in a Country they don't trust.Trump is cutting federal funding and politicizes our City jus like he does with your respected Countries
Ah yes, American champagne, the pride of… erm, nowhere
The eu just needs to unite hes just trying to scare them make them make them give in
It sounds like he wants to cripple these industries so they're vulnerable to buyouts by billionaires
First time in history… tax wars…
Imposing more tax.. to give pain
Is trump imposing tariffs on woke government's worldwide????
Thanks Trump, I'm a champagne producer, I was going to buy a Tesla, I'll take a BYD
If all the nations put equal tariffs on the USA it won't be too long before he has to change the policy. 😂 Why is the world like this simply because half a dozen people don't like or respect one another.
Gold sets a record, crypto is up the stock market is up. It's all Trumps fault!!!
😂😂😂😂😂😂😂😂😂😂😂😂😂
Trump/ Vance, saving America 🇺🇸 one day at a time!
EU says it's disrespectful-what about what they have been doing to us? Their economy is not so great and they will hurt more than the US. Many companies are already saying they will sell more American-made products and production is increasing here. They can keep their liquor – we make our own. I am reading that many companies are moving back the the US. So the stock market drops and we suffer for a short time. We suffered under Biden for four years – what's one more .
More wine 🍇 for us ❤❤❤❤
I assume Trump doesn't like Champagne because it's mushroom shaped cork reminds him of his
Trump betrayed Romania and Bulgaria and sold them to the Russians, part of the deal with Putin. He insulted the ex Romanian president and opened a door for the Russians to infiltrate the EU and NATO.
One by one countries around the globe will stop buying all u.s. goods. Hey Donnie way to go eh.🇨🇦
They don't deserve to drink French wine in the US anyway
News flash. Champagne only comes from Champagne in France. Nowhere else.
There is no such thing as other Champagne.
Nice tong .
The EU is nasty….well done President Trump 💪🏻
Over US$2.5 billion worth of goods and services cross the Canada-U.S. border every day. Tariffs will devastate both of our economies, hurt workers and businesses, and cost families more at the store.
How tariffs work
* Tariffs are a tax or duty a government puts on goods coming from other countries.
* Businesses spend more to bring in goods and materials from other countries and pass the extra cost on to consumers by raising prices.
* Customers pay more at the store.
Risk of tariffs
* Tariffs are considered a regressive tax because it hurts working class households significantly more than wealthy ones.
* Tariffs were heavily used in the U.S. during the ‘Gilded Age’ in the late 1800s. It created vast wealth for the wealthy and extreme poverty for the working class.
* The U.S. brought back tariffs in 1930 to protect businesses and farmers from competition, but it led to retaliatory tariffs, slowed down global trade and worsened the Great Depression.
France:
Import duties on mechanical appliances can range from 0% to 17%.
Average Tariff:
The general tariff for imports into France, including mechanical appliances, averages around 4.2%.
Preferential Rates:
Preferential tariff rates may apply to imports from countries with which the EU has signed agreements.
VAT:
In addition to import duties, France imposes a 20% Value Added Tax (VAT) on most goods, including imports.
The US currently has no value added tax on it imports .
It's just like Trump said other countries have been screwing us over for decades and he's finally doing something about it .
Trump is doing a terrific job of destroying the US economy.
Absolutely terrific,just beautiful.
Champagne comes from Champagne, France.
next… 200% tariff on european vehicles
Trump is eu and nato and nato used USA. All the years they used USA to kill russians. Zalensky have no respect or love for USA. All get cares us about eu and nato.
Think old Trumpy has lost the plot.
Tariffs only create artificial inflation for the common man. UK's Brexit voters are finding this out now 😂
No it wont be great for the wine in US. The EU will just return the favour.No I am not a fan of The EU but it wasnt formed to take advantage of the US that may be another grievance created to justify any actions .
That's more Americans crying about price hikes then one minute it was eggs now it will be alcohol 😂
United We are Strong, United We Will Win! 🇪🇺🇪🇺🇪🇺
"The Cat is out of bag mr Honorable President "
The US dollar is a "fiat currency," meaning its value is not backed by gold or silver, but instead by the "full faith and credit" of the US government and its ability to generate revenue through taxation and debt.
Mr Honorable U.S.A 🇺🇸🦅The tarifs ( money loss U.S.A has because of trade imbalance ) what Honorable President Sir , Mr Trump , talks is a eye wash , the reality is USA 💰 is U.SA just prints money like news papers $ AKA American dollars not backed by real gold or silver , but just a empty gurantee given by U.S.A govt AKA called u.S.A federal reserve Gurantee , just backed by empry words & empty gurantee of U.S.A govt & U.S.A has been fooling the entire world 🌎prints papper money .
not backed by nothing
its just papers , money is printed & mr President thinks , USA did a favour to world
next to nothing just printing USA dollars not backed by Gold or nothing just a Gurantee by U.SA govt has fooled the whole world 🌎🌍world since 1960 . The US uses The Federal Reserve to produce money, which is just a written gurantee not backed by gold or silver
sorry to Say Mr President the the cat's out of the bag" means that a secret has been revealed, often unexpectedly or carelessly.
There is no real gold or silver backing the us dollars, its just a piece of paper Mr Trump has i think not understand the fact U.S.A currency is not real , its just a gurantee of U.S.A 🇺🇸🦅Govt
Basically Usa has not given nothing to world but just worthless papers in form of U.S.A dollars not backed by nothing .
Is anyone taking ANY notice of what trump says… I don't think so. 😂
Trump can import better wine from Argentina and cheaper
Like Europe gives a F 😑
Meanwhile we have all the resources, knowledge, manpower, economy, willpower and flexibility to selfsustain ourselves.
Coward Trump please put 2000000%
And I have stopped drinking your teeth-rotting Coca-Cola and eating at your fast food outlets. I feel better already.
Who let the dog out…stop barking donald.