Donald Trump threatens 200% of the EU Alcohol import tariffs

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Donald Trump threatened 200 -minute tariff for the import of alcohol with the EU, when the block imposes on the US’s duty on whiskey, in the last salvo in its escalation trading war.

Having placed the truth on Thursday on his social platform, the US president said the step was the response to the EU’s decision to impose a “unpleasant” 50 % whiskey tariff.

“If this tariff is not deleted at once, the US will soon put 200% tariff for all the guilt, champagne and alcoholic products that come out of France and other EU representatives. It will be great for wine and champagne businesses,” Trump wrote.

Actions of companies on drinks sank after Trump’s post. Pernod Ricard collapsed by 2.9 percent, LVMH decreased by 1.7 percent, and Diageo, listed in the UK, decreased by 1.8 percent.

US shares were opened below Thursday, and futures tracked the blue chip S&P 500 down 0.3 percent and those who perform NASDAQ 100 from 0.5 percent.

Since his inauguration in January, Trump imposed a number of escalation tariffs On the largest trading partners of the United States. The chaotic deployment of these levies, which was marked by several sudden turns, caused brads and financial markets.

Earlier this week, the United States imposed tariffs of 25 percent of the whole import of steel and aluminum, breaking several agreements that were impressed by former President Joe Biden.

EU on Wednesday announced This is avenge Against metal tariffs, applying up to $ 50 percent to $ 28 billion, including whiskey, jeans and Harley-Davidson.

EU representatives said it was intentionally aimed at products made in the states of the republican senators, seeking to strengthen the opposition among the legislators to Trump’s aggressive trade measures.