Trump Threatens 200% Tariffs on EU Wines and Champagnes
The U.S. president's warning comes in response to the EU's planned 50% tariff on American whiskey, escalating trade tensions between the two economic powers.
- Donald Trump has announced potential 200% tariffs on European wines, champagnes, and other alcoholic products if the EU does not withdraw its planned 50% tariff on American whiskey.
- The EU's new tariffs on U.S. goods, including bourbon, motorcycles, and boats, were introduced as retaliation for U.S. tariffs on European steel and aluminum.
- European producers of wines and spirits have expressed concern, urging both sides to exclude their sector from the ongoing trade dispute.
- France's Trade Minister Laurent Saint-Martin has vowed to stand firm with the EU against U.S. threats, calling Trump's actions an unnecessary escalation of the trade conflict.
- The U.S. remains the largest export market for French wines and spirits, with 2024 sales reaching €3.8 billion, highlighting the potential economic impact of the proposed tariffs.