π•‹π•£π•¦π•žπ•‘ π•₯𝕙𝕣𝕖𝕒π•₯π•–π•Ÿπ•€ 𝟚𝟘𝟘% π•₯π•’π•£π•šπ•—π•— π• π•Ÿ π”Όπ•¦π•£π• π•‘π•–π•’π•Ÿ 𝕒𝕝𝕔𝕠𝕙𝕠𝕝 𝕒𝕀 π•₯𝕣𝕒𝕕𝕖 𝕨𝕒𝕣 𝕖𝕀𝕔𝕒𝕝𝕒π•₯𝕖𝕀

President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war thatΒ could easily get out of hand.

In a post on Truth Social, Trump said his administration would impose a 200% tariff on alcoholic beverages from the EU unless it rescinds the 50% tariff the European government imposed Wednesday on US whiskey.

β€œIf this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES,” Trump said. β€œThis will be great for the Wine and Champagne businesses in the U.S.”

America’s response to Europe’s response to America’s tariffs in the span of 36 hours shows how trade wars can quickly spiral out of control. After Trump’s 25% tariffs on aluminum and steel went into effect at midnight Wednesday morning, the EU immediately responded to what it called β€œunjustified” trade action.

𝔸𝔹ℂ ℕ𝕖𝕨𝕀

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