In the latest development of an ongoing trade dispute, U.S. President Donald Trump has warned that the U.S. will impose a 200% tariff on alcoholic products, including wine, champagne, and other spirits, imported from the European Union (EU). <\/p>\n\n\n\n
The threat follows the EU’s decision to introduce a 50% tariff on U.S.-produced whiskey in retaliation for American tariffs on steel and aluminum. This escalation underscores the deepening tensions between the U.S. and its major trade partners, specifically in the wake of new tariffs on metal <\/a>imports. <\/p>\n\n\n\n
The proposed tariff on European alcoholic products is the latest salvo in a broader trade war between the U.S. and the EU. Trump\u2019s threat follows the EU’s decision to impose a 50% duty on U.S. whiskey<\/strong>, a direct countermeasure against U.S. tariffs on European steel and aluminum. <\/p>\n\n\n\n
According to a spokesperson for the European Commission, talks are being prepared between the U.S. and EU to address the situation, with European trade commissioner Maro\u0161 \u0160ef\u010dovi\u010d <\/a>reaching out to U.S. officials for discussions, as reported by the BBC<\/a>.<\/p>\n\n\n\n
The EU\u2019s alcohol exports to the U.S. are substantial, with over \u20ac4.5 billion worth of wine alone being shipped each year. Ignacio S\u00e1nchez Recarte, secretary-general of the Comit\u00e9 Europ\u00e9en des Entreprises Vins, warned that the imposition of a 200% tariff <\/a>would have catastrophic consequences for the European wine industry. <\/p>\n\n\n\n