Trump Threatens 200% Tariffs on Wine and Champagne
In response to a 50% EU tariff on American whiskey, President Trump threatened a 200% tariff on all EU alcoholic products, including French wines and champagnes. This escalation of the transatlantic trade war follows Trump’s already imposed 25% tariffs on EU steel and aluminum, and the EU’s subsequent retaliatory tariffs on $28 billion of American goods. The EU’s and Trump’s actions are causing significant economic uncertainty, with potential job losses and price increases on both sides of the Atlantic. Further tariff exchanges are anticipated unless trade deals are reached by April 2nd.
John Q. Hosedrinker