Trump Threatens 200% Tariffs on EU Alcohol in Escalating Trade Dispute

The proposed tariffs are a retaliation against EU measures on American whiskey and could disrupt global trade, impacting consumers and businesses alike.

Donald Trump has announced plans for a 200% tariff on European wines, champagnes, and alcoholic products, citing unfair trade practices by the EU.
The tariffs are a response to the European Union's plan to impose duties on American whiskey following earlier US tariffs on steel and aluminum imports.
Over 80% of US wine imports come from the EU, making the proposed tariffs potentially devastating for American importers, consumers, and European producers.
Treasury Wine Estates, an Australian company with significant US-based production, is poised to benefit from increased demand for non-EU wines.
The situation remains fluid, with the tariffs set to take effect in two weeks unless negotiations lead to a resolution.

The Sydney Morning Herald

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