The U.S. tariff comes after the European Union moved to put an import tax on American whiskey.

Summary

Donald Trump announced a planned 200% tariff on French and EU alcoholic beverages in response to the European Union’s decision to reinstate tariffs on American whiskey.

Trump accused the EU of unfair trade practices and demanded an immediate reversal of its 50% whiskey tariff.

The EU’s move is part of broader retaliation against U.S. steel and aluminum tariffs.

The dispute has rattled liquor stocks, with major European brands like LVMH and Remy Cointreau dropping, while U.S. alcohol stocks, including Jack Daniels’ parent Brown-Forman, also declined.

  • jubilationtcornpone@sh.itjust.worksEnglish
    42·
    1 day ago

    [Some]Americans: Vote for Donald Trump because they’re upset about the high cost of living

    Trump: Does everything in his power to increase the cost of …everything

    • ramble81@lemm.eeEnglish
      10·
      1 day ago

      That’s the annoying part of this. Prices never creep down the same way they creep up. So things will always be more expensive. The only way it ever corrects is very violently in a massive depression and even that never fully corrects it.