US President Donald Trump on Thursday threatened to impose 200 percent tariffs on liquor, champagne and other alcoholic beverages from the European Union countries, which is in retaliation against the plan employed on the US-made whiskey.
Trump has launched a trade war against competitors and partners the same as tariffs as tariffs as tariffs as a tool for pressure countries on bureaucracy and other policy issues.
His latest Salvo was a reaction to the unveiling of the European Union tariff at $ 28 billion in the US goods starting from April.
European Union measures – including a sharp tariff increase on American whiskey – were in vengeance against Trump’s levy on steel and aluminum imports which were effective on Wednesday.
Trump posted on his true social platform, “If this tariff is not removed immediately, the US soon placed 200% of tariffs on all wine, champagne, and drug products out of countries representing France and other European Union.”
Trump also renewed his rigorous criticism of the block, making his 50 percent of his 50 percent levy “as” bad “.
He described the European Union as “one of the most hostile and derogatory and tarfing authorities in the world” and said that the Union-which has been in the heart of the Western alliance-led Western alliance for decades-was designed to take advantage of the US.
Trump later told reporters that he would not bend on tariffs, whether he was on aluminum or steel or cars, even European Commission chief Ursula von Der Leyen said the block is ready to negotiate the growing duties.
France promised to fight against any tariff on alcohol and other alcoholic beverages.
Foreign Trade Minister Laurent St.-Martin said on X, “We will not threaten.”
US Commerce Secretary Howard Lutnik on Thursday told Bloomberg Television that he had a plan to talk with his European counterparts, without providing details.
A spokesman for the European Union told AFP that his trade chief had reached Washington.
The European Union earlier stated that it is deeply regretting the American introduction of steel and aluminum tariffs, saying with spokes Olof Gill, saying that it would feel the same about any future measures, while Washington would be urged to cancel duties.
‘Destructive’
His federation said that French liquor and soul exporters were offended when Trump was put in the line of fire.
Federation Director General Nicholas Ozanam said, “We are systematically sacrificed for our own unrelated issues.”
French wine and champagne company Tittinger said that 200 percent of tariffs could bring the cost of some bottles to more than $ 60 to $ $ 180.
The European Spirits Trade Group called the European Union and the United States to stop using the area as a “bargaining chip” in its tariff fight.
Owners of US wine merchants and restaurants also saw Trump’s dangers in the meantime.
Francis Shot, the owner of a restaurant located in 200 percent tariff New Jersey, said, “through the roof” will send the business cost, which serves European and American wine.
Given that it is difficult to replace the specific European wine, he told the AFP: “This is just a business that will go away. It is disastrous.”
“If I lose half of the profit made on an alcoholic drink, my business is no longer viable,” he said.
According to the World Trade Organization, Europe exported liquor and champagne of about $ 5.2 billion to the United States in 2023.
European Union Levi ‘Disappointing’
Meanwhile, US distillers have called the European Union levy “deeply disappointing” on American whiskey.
Chris Swonger, head of the Dysse Spirits Council, said in Wednesday’s statement, “Re -adding these weak tariffs at a time when the Spirits faces a recession in the US market in the industry, the increase in states across the country and will negatively affect the distillation and negatively affecting distillers and farmers.”
American whiskey exports to the European Union declined by 20 percent to implement similar tariffs.
Trump’s tariff wars have accused Canada, Mexico and China that they are not enough to prevent fennel smuggling or illegal immigration in the United States — even if we look at the negligible level of border smuggling in Canada’s case.
He has also targeted items including steel, aluminum and copper.
Some countries like China and Canada have already imposed anti -counterfeit tariffs.
Trump’s uncertainty on Trump’s trade plans and concerns that they can trigger a recession, roam in financial markets.
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)
