Trump threatens for 200% tariffs on wine and champagne - EU under pressure!

Trump threatens for 200% tariffs on wine and champagne - EU under pressure!

Frankreich, Europa - President Donald Trump has raised the trade conflict with the European Union to the next stage by threatening wine and champagne with overwhelming 200 percent tariffs. This is done in response to the EU's 50 percent tariffs already introduced to American whiskey. Trump explained in a post on Truth Social that the EU, which is one of the “most hostile” tax and customs authorities in the world for him, might want to strengthen its attacks on the United States in this way. In response to the European measures, he calls on the immediate withdrawal of the EU tariffs, otherwise the United States would act immediately, such as Krone.at reported .

The US exchanges showed negative reactions to Trump's announcements before the start of the trade. A goal expressed by him is to maximize the advantages for US manufacturers of wine and champagne, while tariffs on European products, especially those from France, could have a significant impact on international trade relations. With a market volume of $ 4.9 billion for wine and over $ 1.7 billion for champagne, the USA is the largest import market worldwide. However, tariffs could also affect the American consumers who are dependent on the import of these products, as well as NBC New York reported .

The trade war escalated

Trump emphasizes that his threat would bring a decisive advantage for the US economy, at the same time pointing out that he sees the EU's WTO methods as greedy and unfair. These massive tariffs could significantly damage the export markets of Europe in particular, while the situation for American manufacturers could be an opportunity to gain a foothold in a competitive market.