Trump is advocating for 200% of tariff retaliation to European wine and ghosts | Trade war news

The warning comes after the EU has announced the retaliation of tariffs to $ 28 billion in US goods in response to USA collection on steel, aluminum.

The President of the United States Donald Trump warned that he would impose a 200 percent wine tariff, champagne and other alcoholic products from the European Union countries if the block continues with a planned tariff on US whiskey.

On Thursday, the EU announced Tariffs to $ 28 billion in US goods, including a 50 -pointed levy on American Burbon whiskey, on Thursday in retaliation after the US tariffs on the import of steel and aluminum came into force of the previous day.

“If this tariff is not removed immediately, now they will soon place a 200% tariff on all wines, champagne and alcoholic products coming from France and other EU countries,” Trump wrote on his social platform of truth in response to the EU announcement.

He singled out a 50 -pointed levy on the American whiskey as “nasty”, describing the EU as “one of the most liable and abused bodies of taxation and tariff parties,” which was formed with “the sole purpose of exploiting the United States.”

France replied quickly that she would fight any tariff on alcohol.

“We will not hand over threats,” Foreign Minister Laurent Saint-Martin said on Thursday on Thursday on Thursday on X. He added that the US escalated the trade war that Trump “decided to start” and that France was “determined to take revenge”.

Olof Gill, a spokesman for the European Commission, in charge of trade issues, has urged the US to revoke his duties on steel and aluminum.

US Secretary for the Howard Lutnick Trade Store said Bloomberg Television planned to talk to his European counterparts without giving further details.

‘Wanted’

If the US imposed 200 percent of alcohol imports from the EU, the previously non-Tariffinated bottle of Italian Prosecc of $ 15 could increase the price to $ 45. Similarly, Europe’s response to Trump’s Tariffs Celik and Aluminum means that the cost of a Burbone bottle in the amount of $ 30 in Paris could increase to $ 45.

Trump’s last tariff threats suggested that even the companies that stood by him were publicly – like the French company for the luxury goods of the LVMH, whose executive director attended his inauguration – could be a collateral damage.

The imposition of them asks questions about whether a wider business community can be ready to openly challenge a series of commercial wars that have harmed the stock market and scared consumers.

Nicolas Ozanam, Director General of the Federation representing French wines and spirit exporters, known in the Acronyms of Fevs, said that exporters were “bored with a systematic sacrifice for questions that are not related to our own.”

In the United States, the chief of the Distilled Pentecost Council, Chris Swinger, called the EU plans “deeply disappointing”, signaling that he would hit the time when the industry faced “slowing down” in its home market.

Trump trade wars were also aiming for Canada, Mexico and China on the pretext that they do not make enough to reduce the smuggling of the fantanila or illegal immigration to the United States.

He aimed at certain goods, including steel, aluminum and copper.

Uncertainty about Trump’s trade plans and worries that they could start a recession, they covered the financial markets.