President Trump Issues Stern Warning to European Union: “Remove Whiskey Tariff or Face 200% Tax on Wine and Champagne”
By The Blog Source
On Thursday, President Trump issued a warning that the United States will levy a tax of 200% on alcoholic beverages imported from the European Union unless the EU promptly removes its new 50% tariff on American whiskey.
As a reaction to Trump's decision to reinstall global steel and aluminum tariffs, the European Union (EU) said on Tuesday that it will levy tariffs on U.S. exports, including a 50% tax on American whiskey. After calling the European Union's whiskey duty "nasty," Trump threatened to impose a 200% tariff on "all WINES, CHAMPAGNES, AND ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U.-REPRESENTED COUNTRIES" in a Thursday Truth Social tweet.
Trump has characterized the European Union as "one of the most hostile and abusive taxing and tariffing authorities in the world," and he claims this action will shield American manufacturers from EU retaliation while simultaneously punishing them.
On Thursday, President Trump threatened hefty duties on alcohol imports as a response to additional charges on American whiskey by the European Union. Such measures would intensify the already simmering trade spat between the United States and the EU. Trump threatened a strong response from the United States in an article on Truth Social in the event that the whiskey tax remained in place.
"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," Trump wrote, stating that the action would be "great for the wine and champagne businesses in the U.S."
In what is largely believed to be a direct reaction to Trump's 25% tariff on steel and aluminum imports, which went into effect on Wednesday, the European Union said on Tuesday that it will reimpose taxes on American exports. This move sparked the current disagreement. The tariffs were designed by European politicians to disproportionately affect states that tilt for the Republican Party, specifically focusing on vital agricultural exports from areas such as Nebraska, Kansas, and Louisiana.
Business moguls have voiced concern that the trade war may affect their industries in significant ways. In a statement that was obtained by Forbes, Chris Swonger, CEO of the Distilled Spirits Council, said that "reimposing these debilitating tariffs at a time when the spirits industry continues to face a slowdown in the U.S. marketplace will further curtail growth and negatively impact distillers and farmers in states across the country." He went on to criticize the EU's decision.
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