Trump's Trade War Escalates: 200% Tariff on EU Alcohol Threatened

Reported about 14 hours ago

U.S. President Trump's recent tariffs are significantly altering trade policies, particularly with the EU. Trump has threatened a 200% tariff on imported European wines and spirits unless the EU lifts its whiskey tariffs, as tensions rise amid retaliatory measures from both sides. The U.S. also imposed a 25% tariff on steel and aluminum, provoking counters from Canada and the EU, indicating a growing trade war that could disrupt markets and affect various industries.

Source: YAHOO

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