OAN Staff James Meyers
7:19am – Wednesday, March 12th, 2025
On Thursday morning, President Donald Trump threatened to throw 200% tariffs on wine and champagne shipped from Europe if the European Union does not remove tariffs on whiskey.
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“The European Union, one of the world's most hostile and abusive tax and customs authorities, founded for the sole purpose of using the United States, has just placed a nasty 50% tariff on whiskey,” Trump said of the true society.
“If this tariff is not removed immediately, the US will soon place a 200% tariff on all wine, champagne and alcoholic products coming from France and other countries representing the EU. This is perfect for the US wine and champagne business,” he added.
Late Thursday morning, Trump posted: “There is no free trade in the United States. There is “silly trade.” The whole world is tearing us apart!!!”
The latest move by Trump comes after the trade war escalated further Wednesday after 25% tariffs on steel and aluminum came into effect and the EU implemented its own retaliatory tariffs.
The 27-national EU trade bloc has said that it will allow for a suspension of measures against the US, which will expire on April 1, in 2018 and 2020.st. This will automatically enforce a 50% tariff on suspended American whiskey.
The second step is that the committee is proposing its own “measures” for products from the US that will take effect in mid-April.
The United States is the world's largest importer of both wine and champagne, with the United States receiving annual revenue of $4.9 billion. Meanwhile, US wine exports rank fifth in all countries with nearly $1 billion, while sparkling wine and champagne exports are only $67 million.th all over the world.
Chris Swanger, CEO of the US Distillation Spirits Council, warned on Wednesday that European whiskey tariffs would be “very, very devastating.”
“We got the news early this morning, early. [European Union (EU)] We are ready to impose a 50% tariff on American whiskey. It's going to be very devastating,” Swonger said. News Nation Nicole Belley.
47th The president has imposed tariffs on Mexico, Canada and China, but recently announced the exemption from auto parts and goods, which is part of the US-Canada trade agreement he signed in 2020.
The president has repeatedly suggested that the large US trade deficit with other parts of the world is a sign of weakness. Trump acknowledges that his tariff strategy could lead to a period of “transition” in the US economy.
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