Reported about 21 hours ago
President Trump's proposed 200% tariff on European Union wines and spirits may drastically reduce their imports into the U.S. If the EU does not withdraw its 50% tariff on American whiskey, this threat could render beloved products like champagne and cognac too expensive for consumers. Analysts warn that such tariffs risk escalating into a global trade war, which could harm both U.S. consumers and spirits industries on both sides of the Atlantic.
Source: YAHOO