Trump threatens 200% alcohol tariffs on EU countries
Trump threatens 200% alcohol tariffs on EU countries
President Donald Trump has threatened the European Union with 200% tariffs on alcohol after the EU announced a slate of tariffs on American products beginning next month.
The EU’s tariffs include 50% tariffs on whiskey, a measure Trump decried as “nasty” in a Truth Social post announcing the tariff threat.
“The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky.” Trump wrote. “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. This will be great for the Wine and Champagne businesses in the U.S.”
EU ROLLS OUT TARIFFS AGAINST US TARGETING $28 BILLION IN EXPORTS
The latest threats come after the president implemented tariffs on products from Canada, Mexico, China, and the EU.
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