U.S. President Donald Trump has threatened to impose a 200% tariff on wine, champagne, and other alcoholic beverages imported from France and European Union countries.
This warning comes in response to European tariffs on U.S.-made whiskey.
In a social media post, Trump stated that if these tariffs are not immediately withdrawn, the U.S. will soon impose a 200% tariff on all alcoholic imports from France and other EU nations.
Previously, Trump had already implemented a 25% tariff on all imported steel and aluminum.
In retaliation, the European Union has announced plans to impose tariffs on U.S. goods worth $28 billion. The EU Commission made this announcement on Wednesday, March 12.
Additionally, Canada is set to impose counter-tariffs worth 29.8 billion Canadian dollars (approximately $22.05 billion USD) in response to Trump’s increased tariffs on steel and aluminum, according to a Canadian official.