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President Donald Trump threatened Thursday that in response to the European Union’s retaliation against its steel and aluminum tariff, European alcohol was threatened to impose a massive tax on European alcohols-to increase a trade war that could easily get out of hand.
A Post to the true socialTrump said his administration would impose a 200 % tariff on alcohol drinks from the European Union until it rejects 50 % tariff imposed on the European government on Wednesday.
“If this price is not removed immediately, the United States will soon impose 200 % tariffs on all alcohol, champagne, and alcohol products coming out of France and the European Union countries,” Trump said. “It would be great for the business of liquor and champagne in the US”
US reaction to Europe’s reaction to US prices over 36 hours shows how trade wars can be out of control. After Trump’s 25 % rates on aluminum and steel were implemented on Wednesday morning, the European Union immediately responded to it, called “blazing” trade action.
The European Union’s response measures included revenue on US goods worth $ 26 billion ($ 28 billion), including revenue on boats, bourbons and motorbikes. It states that these measures, which are about to be implemented in April, are “sharp and proportional.” A statement.
The US spirits industry said Wednesday that it was in pain at revenge.
Chris Songar, CEO of the United States (discs), Asti Spirits Council (Discus), said in a statement released on Wednesday that 50 % of EU revenue on the US spirits “is extremely disappointing and will reduce US -spirits exports to EU countries.
Trump said at the Oval Office on Wednesday he would respond to EU retaliation.
“Of course I will answer,” said Trump.
On Thursday, Trump called the European Union “one of the world’s most humorous and malicious taxes and tariffing officials, formed for the sole purpose of taking advantage of the United States.”
He called the counter -tariff he imposed on the American bourbon “dirty”.
This is a developing story and will be updated.
