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.”
European Commission President Ursula von der Leyen said Thursday that the EU trade commissioner would be having a phone call Friday with his U.S. counterpart.
“We don’t like tariffs because we think tariffs are taxes and they are bad for business and they are bad for consumers,” she said. “We have always said at the same time that we will defend our interests. We’ve said it, and we’ve shown it, but at the same time I also want to emphasize that we are open for negotiations.” #News #Politics #Trump #Tariffs
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
13 Comments
I turned this video on to my mom and now she wants to be a blogger too. Looks like we have a family project💞
Reciprocal tariffs 👍. It is only fair.
I guess thebUS wont be drinking nice wine
Oddly Trump has you guessed it a WINERY.
If Americans go to Canada, they could have access to exclusive French and Italian wine.
It means less winos
Yes……..200% tariff on European wines………USA got amazing wines here in America. Let’s drink American wines & etc
Let’s make American vineyards rich again. Hahahaha….love it.
Trump is a scumbag.
The only thing American make that was my daddy's Peach Moonshine, best moonshine ever, well Kentucky has some good Bourbon, that's it,
Trump makes no sense. The EU on average has lower tariffs on the US than the US on the EU. 1.9% vs 2.4%. If anything, the US has unfair import tariffs on EU products.
The cost of wine is extremely low on my list of priorities.
buy yanky wine
I guess trash persons will drink trash now. Have fun republicans. 🤢 🤮