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 tariff, which was unveiled in response to steel and aluminum tariffs by the U.S. administration, was expected to go into effect on April 1.
But Trump, in a morning social media post, vowed a new escalation in his trade war if the EU pushes ahead with the planned 50% tariff 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.”
The Republican president on Wednesday had signaled that he intended to take the action.
Read Full Article Here
Trump threatens retaliatory 200% tariff on European wine after EU proposes American whiskey tariff
- by: AAMER MADHANI
- 03.13.25
- Source:
AP News
- 03/13/2025
Follow us
Read our latest news on any of these social networks!
Get latest news delivered daily!
We will send you breaking news right to your inbox
Have a tip? Let us know!
Recent Articles
- by: Tobias Burns
- Source:
The Hill
- 05/08/2025
Fed holds rates steady despite pressure from Trump
The Federal Reserve’s interest rate setting committee held rates steady Wednesday at a range of 4.25 percent to 4.5 percent, despite calls from President Trump to lower borrowing costs amid price pressures from his trade war.
- by: AMANDA SEITZ
- Source:
Dayton Daily News
- 05/08/2025
US Health department will analyze data from autistic Medicare, Medicaid enrollees, RFK Jr. says
The U.S. Health and Human Services department will start a research project to examine medical data and records of Medicaid and Medicare enrollees who have been diagnosed with autism, health secretary Robert F
- by: JOSH BOAK, JILL LAWLESS and CHRIS MEGERIAN
- Source:
US Daily Press
- 05/08/2025
US and UK are expected to announce a trade deal that Trump says will cement their relationship
The United States and Britain are expected to announce a trade deal on Thursday that will lower the burden of President Donald Trump’s sweeping tariffs, delivering a political victory for U.K
- by: Danielle Wallace
- Source:
Fox News
- 05/07/2025
Trump teases 'very, very big announcement' ahead of Middle East trip, Carney says he's 'on edge of my seat'
President Donald Trump teased a "very, very big announcement" ahead of his upcoming trip to the Middle East.