Washington- President Trump on Thursday threatened 200 % tariffs on European liquor, champagne and spirits if the European Union moves forward with a planned tariff on the American Voice.
The US administration unveiled the European tariff in response to steel and aluminum prices, it is expected that it will be implemented on April 1.
But in the morning social media post, Trump promised a new addition to his trade war if the European Union proceeds with a 50 % tariff planning on the American Voiceki.
“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 wrote. “It would be great for the business of liquor and champagne in the US”
On Wednesday, the Republican president indicated that he intends to take action.
“Of course I will respond,” Trump told reporters during the Oval Office exchange with reporters.
Trump announced the rates of new steel and aluminum on Wednesday, we openly challenged the allies and pledged to “steal” wealth through other countries, and took immediate retaliation.
It has separate taxes on Canada, Mexico and China, whose projects intend to tax imports from the European Union, Brazil and South Korea through “mutual” prices starting April 2.
The European Union announced its retaliation. “Since the United States is applying $ 28 billion worth of revenue, we are responding with 26 billion euros response measures,” said European Commission President Ursola Van Dare Leene, or about $ 28 billion.
These measures include not only steel and aluminum products but also textiles, household goods and agricultural equipment.
Meanwhile, American bourbons urged Trump to withdraw from his trade war.
“The US European Union’s Spirits Sector is a model of fair and bilateral trade, which has zero rates for zero since 1997,” said Chris Songar, president and chief executive of the Asthi Spirits Council. “We urge President Trump to secure a spirits deal with the European Union so that we reach zero rates for zero, which will generate US jobs and increase manufacturing and exports in the US hospitality sector. We do not want toast prices.”
Madhani writes for the Associated Press. AP Author Mike Warne On this report
