President Donald Trump threatened a 200% rate on wine or alcoholic drinks from the United States of the EU, if the block does not remove its price on American whiskey.
This comes after the EU said that it would impose a whiskey sample produced by the United States as part of its counter-tale in response to American prices on all imports of steel and aluminum.
Trump described the EU measures as “bad guys” and described the “hostile and abusive” block to have taxed 26 billion euros (21.9 billion pounds Sterling, $ 28.3 billion) of American goods.
He called for the immediate removal of the EU price on American whiskey, adding that the EU was “formed for the sole purpose of taking advantage of the United States”.
Writing on Truth Social, Trump said that the price on EU alcohol imports would be “ideal for wine and champagne companies in the United States”.
The latest threat marks a continuous escalation of a trade war that rocked the financial markets in the midst of concerns about the impact on economies and consumers in many countries of the world, including the United States.
On Wednesday, Trump advanced with a plan to expand American prices on steel and aluminum, imposing a general task of 25% and ending the exemptions that the United States had previously granted for shipments of certain countries.
This followed a prescription earlier this month, which increased the samples from Chinese imports to the United States to at least 20%.
Trump has also threatened prices – which are taxes applied to goods when they enter a country – on a range of more specific items, including copper, wood and cars.
Managers in Canada and Europe have qualified new taxes without justification and retaliated with their own rates on a range of American products.
