Trump threatens tariffs on European wine and spirits in escalating trade war
U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears.
US Wine Shops and Importers Say Trump's Threatened 200% Tariff on European Wines Would Kill Demand
President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey. Wine sellers and importers said a tariff of that size would essentially shut down the European wine business in the U.
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The tariffs began Tuesday as the President demands those countries do more to stop the flow of fentanyl into the U.S.
A number of Canadian provincial leaders have responded to President Trump's tariffs with restrictions on the sale of U.S.
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President Trump has threatened a 200% tariff on European alcohol.
Kentucky leaders are expressing deep concerns about the new European Union counter-tariffs — set to hit $28 billion in U.S.
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