President Donald Trump threatened to enact a 200% tariff on European wine, champagne and other alcoholic beverages, the latest escalation in a brewing trade war between the US and the EU.
The president in a social media post on Thursday said that he would move forward with the import duties if the EU doesn't repeal a tax on US whiskey, a measure put in place to retaliate against Trump's steel and aluminum tariffs that went into effect on Wednesday.
“If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES,” Trump said about the levies on whiskey. “This will be great for the Wine and Champagne businesses in the U.S.”
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