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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 champagne and other alcoholic products from the European Union if the EU imposes a 50% tariff on American whiskey, as reported by ABC News.
  • European Commission President Ursula von der Leyen defended the EU's tariff plans, stating they are necessary to protect consumers and businesses.
  • Goldman Sachs raised the chance of a recession to 20%, reflecting concerns about trade tensions, as reported by ABC News.
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europeannewsroom.com broke the news in on Wednesday, March 12, 2025.
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