Trump threatens to impose a 200% tariff on alcoholic beverages imported from Europe.

On March 13, US President Donald Trump threatened to impose a 200% tariff on alcoholic beverages imported from European Union (EU) countries as a retaliatory measure against European tariffs on American liquor.

On March 13, Trump wrote on the social media platform Truth Social: “The European Union just imposed a 50% tariff on American whiskey. If they don’t immediately reverse this order, the U.S. will soon impose a 200% tariff on all wine, champagne, and other alcoholic products from France and other EU countries. This would be great for American wine and champagne businesses.”

In the same article, Trump criticized the EU, saying it "was founded solely to take advantage of the United States."

The tariffs that Trump imposed on metal imports have taken effect, and the EU is quick to retaliate.

The EU has not yet responded to President Trump's latest post. Earlier on March 12, the EU announced it would impose tariffs worth $28 billion on products imported from the US, in retaliation for the US imposing tariffs on aluminum and steel imports, including the announcement of a 50% tariff on spirits in the US.

In 2018, Europe imposed a 25% tax on spirits imported from the US. By June 2021, this tax had increased to 50%, after which the parties agreed to suspend the tax until March 31, 2025.

US President Donald Trump at the White House on March 11.

The reinstatement of tariffs on spirits has raised concerns among industry businesses about the impact on European companies involved in producing American spirits, the effects on American companies investing in the European spirits industry, and the threat to jobs in rural spirits-producing regions.

The European Commission said there is still room for negotiations and stressed that no one would benefit from the tariff increase.

In developments related to Trump's tariff policy, David Solomon, CEO of Goldman Sachs, a prominent multinational investment bank in the US, said that the business community understands what Trump intends to do with his tariff decisions.

"Currently, the business community wants lower tariffs everywhere in the world . There are uncertainties and the markets will have to navigate that, but we will need to monitor how things unfold," The Hill quoted Solomon as saying on March 12. Solomon said businesses generally still want more concrete policies from the White House.

Source: https://thanhnien.vn/ong-trump-doa-danh-thue-200-len-do-uong-co-con-nhap-tu-chau-au-185250313195524682.htm