U.S. President Donald Trump has reignited transatlantic trade tensions, threatening to impose a 200% tariff on all European wine and alcoholic products unless the European Union drops its 50% tariff on American whiskey.
The move, announced Thursday on Truth Social, sent ripples through the beverage industry, sparking market reactions across major alcohol producers.
Trump criticized the EU as “one of the most hostile and abusive taxing and tariffing authorities in the World” and accused the bloc of exploiting the U.S. economy.
He warned that unless the whiskey tariff was removed “immediately,” the U.S. would retaliate with steep duties on “wines, champagnes, & alcoholic products coming out of France and other E.U. represented countries.”