Donald Trump has threatened to impose a 200% tariff on European wines, champagne, and other spirits unless the EU retracts its planned 50% levy on American whiskey. This escalation comes as the EU aims to counteract recent U.S. tariffs on steel and aluminum, reintroducing restrictions that previously harmed American exports significantly. The response highlights Trump’s personal connection to the wine industry, given his family’s wine business, while industry experts urge collaboration rather than conflict to support U.S. jobs and exports.
Donald Trump threatens a 200% tariff on European wines if the EU does not revoke its 50% tariff on American whiskey, escalating trade tensions.
Trump's response to the EU's planned tariffs showcases his interests in the drinks industry, with Trump Winery being a direct stake in the outcome.
American whiskey exports to the EU have already suffered a significant decline due to similar tariffs, emphasizing the potential economic impact of renewed trade disputes.
Chris Swonger advocates for a 'zero-for-zero' tariff deal with the EU to protect jobs and boost American exports, suggesting diplomacy over conflict.
Collection
[
|
...
]