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Trump threatens 200% wine tariff if EU does not remove whiskey tariff

  • US President Donald Trump threatened a 200% tariff on European wine, champagne, and alcohol products if the EU imposes a planned 50% tariff on American whiskey, as reported by ABC News.
  • The EU's planned tariffs are in response to earlier US tariffs on steel and aluminum imports, indicating ongoing trade tensions, according to ABC News.
  • European Commission President Ursula von der Leyen affirmed the EU's countermeasures against US tariffs, claiming the bloc must protect consumers and businesses, as per her statement.
  • Trade tensions have raised concerns about a potential economic downturn, with Goldman Sachs increasing recession probability estimates, reported by ABC News.
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europeannewsroom.com broke the news in on Wednesday, March 12, 2025.
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