Amid the ongoing trade war over tariffs, US President Donald Trump on Thursday threatened the European Union with a 200 percent retaliatory tariff on European wine, champagne, and spirits if the European goes forward with a planned tariff on American whiskey. The European tariff was expected to go into effect on April 1.
Trump Threatens 200% Tariff On European Wine Against EU's Proposal On American Whiskey
Trump in a social media posting called the EU 바카라œone of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States."
Trump in a social media posting called the EU 바카라œone of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States."
"If this Tariff is not removed immediately, the US will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES," Trump said. 바카라œThis will be great for the Wine and Champagne businesses in the US.
On Wednesday, Canada바카라™s Finance Minister Dominic LeBlanc announced a 25 percent reciprocal tariff on an additional Canadian $29.8bn worth of goods imported from the US. As per a BBC report, computers, sports gear are part of reciprocal tariffs.
LeBlanc described how the list of additional products now tariffed from the US includes sports equipment, computers and cast iron products. LeBlanc added the government may impose further tariffs in response to the US suggestion that products with steel and aluminium content are also to be tariffed, BBC said.
Earlier, Trump has threatened Canada with new tariffs targeting Canadian lumber and dairy products. Citing Canada's roughly 250% tariff on US dairy exports to the country, President Trump said in an Oval Office address, "Canada has been ripping us off for years on lumber and on dairy products," CNN reported.
On Tuesday, Trump doubled his planned tariffs on steel and aluminum products imported from Canada to 50 percent. The move came in response to Ontario's decision to impose a 25 percent tariff on its electricity exports to the United States.
Canada's most populous province Ontario on Monday announced that effective Monday it is charging a 25 percent additional tariff for electricity to 1.5 million Americans in response to US President Donald Trump's trade war.
In a post on his Truth Social media platform,Trump announced that he had instructed his commerce secretary to add an additional 25 percent tariff on the metals products that will go into effect on Wednesday morning.
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"Also, Canada must immediately drop their Anti-American Farmer Tariff of 250% to 390% on various US dairy products, which has long been considered outrageous. I will shortly be declaring a National Emergency on Electricity within the threatened area", Trump wrote.
Right after assuming the office for his second tenure as the US president, Trump said that he could put 25 percent trade tariffs on Canada and Mexico starting on February. For products from China, Trump announced a levy of 60 percent levy.
In his inaugural address, Trump pledged that tariffs would be imposed and said foreign countries would be paying the trade penalties, even though those taxes are currently paid by domestic importers and often passed along to consumers.
However, a day after pausing planned tariffs for at least a month for Mexico, US President Donald Trump on February 4 agreed to do the same with Canada after a meeting with Prime Minister Justin Trudeau. However, Trump's tariffs against China are still slated to go into effect on Tuesday.
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On February 3, Trump paused the tariffs it imposed on Mexico. In a tweet, Claudia Sheinbaum Pardo, President of Mexico in her conversation with USA President Donald Trump said that the tariffs have been paused for a month.
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