Well, it looks like it’s going to be war between the European Union and the US. A trade war that is, before you start digging a shelter in the backyard. In response to proposed EU 50 per cent tariffs on American whiskey, President Trump wrote on Truth Social, his own social media platform:
‘The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky. If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES. This will be great for the Wine and Champagne businesses in the U.S.’
His response has sent the drinks world reeling.
The EU tariffs were a response to Trump putting up tariffs on aluminum and steel imports from Europe.
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