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Fri, March 14, 2025
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Trump threatens tariffs on European wine and spirits in escalating trade war

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


Published on 2025-03-13 17:41:33 - Reuters
  Print publication without navigation

  • By Doina Chiacu, Philip Blenkinsop and Andy Sullivan WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe,

The article from MSN discusses former President Donald Trump's threat to impose tariffs on European wine and spirits as part of an escalating trade war with the European Union. This move comes in retaliation to the EU's decision to impose tariffs on American products like Harley-Davidson motorcycles and bourbon whiskey. Trump's proposed tariffs aim to protect American producers by leveling the playing field, but they have raised concerns about potential increases in consumer prices and the impact on international trade relations. Critics argue that such tariffs could lead to a broader trade conflict, affecting not just the wine and spirits industry but also other sectors, potentially harming both American and European economies. The article also mentions the ongoing negotiations and the hope that a resolution might be reached to avoid further escalation.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/politics/government/trump-threatens-tariffs-on-european-wine-and-spirits-in-escalating-trade-war/ar-AA1AR4ah ]