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Coventina

(29,752 posts)
Thu Mar 13, 2025, 02:15 PM Mar 2025

Trump threatens a 200% tariff on European alcohol [View all]

In an escalation of the ongoing trade war with Europe, President Trump is now threatening a 200% tariff on European alcohol in response to the European Union's retaliation against U.S. steel and aluminum tariffs.

The 25% tariff on aluminum and steel went into effect on Wednesday — a move that the EU calls "unjustified." In response, the EU announced tariffs on €26 billion ($28 billion) worth of U.S. goods, including agricultural products and bourbon.

Posting on his Truth Social account, Trump called the EU "the most hostile and abusive taxing and tariffing authorities in the World."

He added that if the bloc doesn't walk back a planned 50% tariff on whisky, then "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."

https://www.npr.org/2025/03/13/nx-s1-5327141/trump-european-alcohol-tariff

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He's so incredibly stooopid!!

There is no such thing as "Champagne" in the US.

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