Shane Croucher
President Donald Trump threatened to put a 200 percent tariff on all alcoholic products coming out of the European Union, including French wine and Champagne, as he takes the transatlantic trade war up a notch.
"The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky," Trump wrote on his Truth Social platform Wednesday morning.
"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.
"This will be great for the Wine and Champagne businesses in the U.S."
Why it Matters
The U.S. is one of the largest importers of European wine and spirits and so the relationship is useful leverage for Trump in trade negotiations.
France, in particular, benefits from strong wine exports to the U.S. Its industry took a big knock in sales during Trump's first term when he imposed tariffs.
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