President Donald Trump threatened to impose a 200% tariff on wines, champagnes, and alcoholic products from France and other EU countries in response to the EU’s 50% tariff on American whiskey.
Trump criticized the EU for its taxing practices and vowed to escalate the trade war if the tariffs are not removed. Calling EU’s tariff on US bourbon “nasty”.
Since returning to power, Trump has initiated trade wars with American allies, including Mexico and Canada, while suggesting expanding the US territory and revising longstanding treaties.
Critics, including Republicans, have condemned Trump’s tariff threats as detrimental to the economy.
Story is developing and will be updated.
