Trump threatens 200% tariff on French wine, other EU alcohol products

President Donald Trump threatened on Thursday on Thursday to impose a 200% fee on alcohol merchandise from France and different European international locations.

The tariff risk comes after the European Union intends to proceed with a deliberate fee on the American whiskey.

“If this fee just isn’t instantly eliminated, the US will quickly be a 200% fee on all wines, champagnes and alcoholic merchandise that come from France and different EU consultant international locations. This shall be nice for the wine and champagne corporations within the US,” Trump mentioned in a put up about reality social.

The president’s risk comes after the European Fee mentioned on Wednesday that the other dishes will impose on the export of American items in opposition to 26 billion euros ($ 28 billion) in response to Trump’s 25% charges within the discipline of metal and aluminum.

The countermeasures we take right this moment are robust however proportional, “mentioned Ursula von der Leyen, chairman of the European Fee, in a press release.” Our countermeasures shall be launched in two steps. Beginning with April 1 and fully in place from April 13. Within the meantime, we’ll all the time stay open to negotiations. “

This can be a creating story. Come again for updates.