"This will be great for the Wine and Champagne businesses in the U.S.," Trump wrote.

President Donald Trump threatened to put a 200 percent tariff on all alcoholic products coming out of the European Union, including French wine and Champagne, as he takes the transatlantic trade war up a notch.

“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,” Trump wrote on his Truth Social platform Wednesday morning.

"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.”

These tariff exchanges will continue until April 2. If deals aren’t reached by then, Trump will impose reciprocal tariffs on all America’s trading partners, who may return fire with other countermeasures. Global markets are unsettled by the ongoing trade war and fear a recession is looming as a result.

  • NimdaQA@lemmy.world
    2·
    1 day ago

    Great Leader Kim Jong Un more or less had a split with Trump after the failure to make a deal.

    DPRK Today no longer talks about Trump being wise.

    Great Leader Kim Jong Un’s beautiful sister even blamed Trump recently for stepping up military provocations.

    KCNA denounced Trump’s proposal to takeover Gaza stating its slaughter and robbery.

    After the American election, Comrade Kim Jong Un vowed to implement the toughest anti-U.S. policy

    So no, the Great Leader is not going to join this ‘circlejerk’, relationship with America is not good and will remain so until Trump fixes the relationship.