Trump Proposes 200% Tariffs on EU Alcohol in Escalating Trade Dispute
The U.S. and EU exchange tariff threats, with both sides targeting key exports in a growing trade conflict.
- President Trump has threatened a 200% tariff on wine, champagne, and other alcoholic beverages from the European Union in response to the EU's planned tariffs on $28 billion in U.S. goods.
- The EU's measures include a 50% tariff on American whiskey and are a reaction to Trump's newly implemented steel and aluminum tariffs.
- French Finance Minister Eric Lombard criticized the trade war as 'stupid' and announced plans to visit the U.S. to ease tensions, while also warning of retaliatory EU tariffs.
- French wine and spirit exporters warn that the proposed U.S. tariffs could significantly increase prices for European alcohol in the American market, with some bottles potentially tripling in cost.
- U.S. officials, including Commerce Secretary Howard Lutnick, have signaled a willingness to negotiate, while some American lawmakers support Trump's aggressive tariff strategy as a push for fairer trade terms.