European Union, Trump
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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.
The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.
Proposed global trade agreements could have consequential trickle-down effects on Napa Valley wine producers, according to industry experts.
BRUSSELS - The tariff-and-spending accord announced Sunday by the United States and the European Union stands to avert a damaging trade war between two of the world’s largest economies, but it is lopsided in favor of President Donald Trump’s protectionist policies,
WASHINGTON (AP) — 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.