Donald Trump has threatened to impose a 200% tariff on European wines unless the EU removes its tariffs on American whiskey, escalating trade tensions between the U.S. and the European Union.
President Donald Trump has warned the European Union that the U.S. will impose a 200% tariff on European wines unless the EU removes its tariffs on American whiskey. The threat, issued on social media, comes amid ongoing trade tensions between the U.S. and the EU over duties on various goods. Trump’s comments highlight the escalating trade disputes, with both sides seeking leverage in the ongoing discussions. The U.S. has previously levied tariffs on European products, and the move to target wine could put further strain on international trade relations. The EU has yet to respond to Trump’s ultimatum, and it remains to be seen whether the two sides will reach a resolution.
Read next
03:00
Trump
U.S. President Donald Trump on Wednesday called for an immediate end to the escalating hostilities between India and Pakistan, saying he “hopes they can stop now” after a series of deadly cross‑border strikes.
02:00
Fed
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
01:00
announcement on Gaza
U.S. President Donald Trump said Wednesday that an announcement related to the Gaza Strip is likely within the next 24 hours, signaling potential developments in the U.S. approach to the worsening humanitarian crisis in the besieged enclave.
16:00
Tariff Concerns
The US trade deficit reached a record $140.5 billion (€123.6 billion) in March, driven by a surge in imports, particularly pharmaceuticals, as businesses stockpiled to offset potential tariff impacts.
12:26
In his first official visit to Washington, Canadian Prime Minister Mark Carney firmly dismissed US President Donald Trump’s repeated remarks about annexing Canada, declaring during their meeting: “Canada is not for sale.”
What is your opinion on this topic?
Leave the first comment