French Minister Threatens Retaliatory Tariffs Against Trump
French Finance Minister Eric Lombard condemned President Trump’s escalating trade war as “stupid,” vowing retaliatory tariffs in response to threatened 200 percent levies on EU alcohol imports. This action follows the EU’s own tariffs on $28 billion in U.S. goods, a response to Trump’s steel and aluminum tariffs. The conflict significantly impacts French wine and spirits exports to the U.S., with industry leaders warning of devastating consequences from the increased tariffs. Further global tariff increases are expected on April 2nd, exacerbating market uncertainty and potentially triggering a recession.
John Q. Hosedrinker