Donald Trump has threatened heavy tariffs on alcohol products from the European Union in response to the EU’s announced tariffs on American whiskey
US President Donald Trump threatened to impose heavy tariffs on alcohol products exported from the European Union to the United States on Thursday in response to the European Union’s tariffs on American whiskey.
The president announced his intention to impose a 200 percent tariff on all wine, champagne and spirits imported from the EU on his social media account Truth Social if Europe does not immediately drop its plan to impose a 50 percent tariff on American whiskey.
In his post, Donald Trump called the European Union “one of the most hostile and damaging tax and tariff powers in the world,” and reiterated his view that the EU was “created for the sole purpose of taking advantage of the United States.”
The EU announced the tariffs on American alcohol imports after the United States imposed a new 25 percent tariff on steel and aluminum imports on Wednesday.
Related news
Boycott of American brands begins in India over Trump tariffs
A boycott movement against American brands is gaining momentum in…
Read more >Duty-free Canaan is over: Trump’s global restrictions are disrupting e-commerce
Donald Trump has suspended duty-free international packages worth less than…
Read more >Australia is the winner of the tariff war – Australian beef, wine and wheat may be cheaper in the US market
US President Donald Trump’s new tariff policy has given Australia…
Read more >Related news
The Chamber launches free training for budding entrepreneurs
The Hungarian Chamber of Commerce and Industry (MKIK), in collaboration…
Read more >Lidl Switzerland Sees ‘Record’ Growth In Cheese Exports In 2024
Lidl Switzerland saw record cheese export growth in 2024, marking…
Read more >Non-alc beer brand Heaps Normal gets Robbie Williams backing
The brand’s “core range” is being rolled out across “select…
Read more >