Trump, Tariff and Trade Deal
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Trump, tariffs
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A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
Some European politicians are dismayed that the European Union did not drive a harder bargain, but facing the threat of a damaging trade war, officials say they had little choice.
When Europe responded to Trump’s 2018 tariffs with a 25% tax on U.S. whiskey, exports to the EU fell by 20% through 2021, according to the Distilled Spirits Council.
The new trade agreement between the U.S. and the European Union will lift tariffs on imports of goods from EU countries to their highest level in decades and hurt the trading bloc's economic growth, according to some experts.
WASHINGTON — President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.
On Thursday, President Donald Trump threatened to place a 200% tariff on alcoholic beverages from Europe— including wine, champagne and spirits — after the European Union imposed a 50% tariff ...
Everyone had the same reaction to President Trump's new nickname on social media on Sunday. The President of the United States has been in Europe this weekend. President Trump announced on Sunday that he's agreed to a new deal with the European Union, which will help with tariffs. But while ...
The preliminary deal imposes 15 percent tariffs on most E.U. goods, averts a trade war and leaves many details unresolved, including on wine and spirits. Here are industries on the line.