Sun, April 27, 2025
Sat, April 26, 2025
Fri, April 25, 2025
Thu, April 24, 2025
Wed, April 23, 2025
Tue, April 22, 2025
Mon, April 21, 2025
Sun, April 20, 2025
Sat, April 19, 2025
Fri, April 18, 2025
Thu, April 17, 2025
Wed, April 16, 2025

Trump threatens tariffs on European wine and spirits in escalating trade war


//food-wine.news-articles.net/content/2025/04/20 .. an-wine-and-spirits-in-escalating-trade-war.html
Published in Food and Wine on by Reuters   Print publication without navigation

WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. Stocks fell on the news, as investors worried that Trump would enact stiffer trade barriers around the world's largest consumer market. "The Entire World is RIPPING US OFF!!!" Trump wrote on his Truth Social platform.

In a recent development, former President Donald Trump has threatened to impose a 200% tariff on French wine and other European goods in response to France's proposed digital services tax, which primarily targets U.S. tech giants like Google, Amazon, and Facebook. Trump's threat, made via a tweet, aims to protect American companies from what he perceives as unfair taxation by France. This move could significantly impact the wine industry, as the U.S. is a major importer of French wine. The proposed tariff is part of a broader trade dispute between the U.S. and the European Union, with potential repercussions for global trade relations.

Read the Full Reuters Article at:
[ https://www.aol.com/news/trump-threatens-200-wine-tariff-121105111.html ]

Publication Contributing Sources