Trump threatens 200% of alcohol tariff from EU

US President Donald Trump threatened a 200% tariff of any alcohol coming to the US from the European Union (EU) of the latest twist in a growing trading war.

The threat is an answer to EU plans for a 50% tax on whiskey imports made by the US as part of its revenge tariffs of all steel and aluminum imports in the US.

The US president calls for immediate removal of the “bad tariff of the EU in Whiskey in the US, calling the Blocs” abusing the intention of exploiting the United States “.

A spokesman of the European Commission says “Calls are prepared” between the US and the EU to discuss the situation.

It was confirmed that the commissioner of its trade, Maroš šefčovič, which “reached his American counterpart” after Trump’s newest threat.

Stand-off marks another wasting in a trading war with Financial financial markets And raised concerns to the impact of economics and consumers in many countries around the world, including the US.

Europe has sent more than € 4.5bn ($ 4.89bn; £ 3.78bn) worth of wine per year, which is the committee of Intopéen, representing the European wine industry.

Ignaco Sánchez Recarte, Secretary-General-General in the group, said if Trump brought his threats, it would destroy the market, worth thousands of jobs.

“There is no choice to sell all this wine,” he said, asking both sides “keep wine from this fight”.

The most recent combat after the new US tariffs and Aluminum began imports of metals given from shipments from countries from countries, including countries from EU and Canada.

Canada and Europe – which is in the largest trading partner in America – called new taxes unreasonable and hit their own tariffs in different US products. EU steps due to go to force on 1 April.

the Clash a war playing in Trump’s first term, when he first announced steel and aluminum tariffs.

The EU responds with its own Tarko, including a 25% tax on American whiskey.

In the event, the eu whiskey sale was dropped by 20%, dropped from nearly $ 552m in 2018 to 2021, according to distilled US Council spirits. Trump instead

Tariffs are lifted after the left side of the Trump, after two sides reached an agreement that lodges a value of European metals from the duties.

But Trump introduces a small appetite to the appetite to deal with today, even when it comes to steel and aluminum.

“If this tariff is not immediately obtained, the US takes a 200% tariff in all wines, champage products and other social letters for some message.

Wine and Whiskey Targeting Symbolic – There are some consumer items more iconic than French Bordeaux or Tennessessee Whiskey. From a goal of value, the trade of drinking is less than some other things facing tariffs.

But Mary Taylor, an importer-based US in Europe, the steps are dangerous for his business and industry, with the impact of restaurants, bars and distributions in the US.

“It seems like a big, giant threat to our livelihoods,” he said.

Ms Taylor, carrying 2 million bottles a year, lying 25% Tariff Trump placed on his first European distribution, but he said, “200% is a whole ball game”.

US features fall again on Thursday.

The S & P 500 falls almost 1.4%, which took it around 10% from the latest peak – an important known to be a correction. Dow slumbed 1.3%, while NASDAQ falls nearly 2%.

In Europe, the FTSE of London 100 flat, while Dax in Germany ends 0.5% below.

In Paris, CAC 40 has fallen to 0.6%, as part of the primary spirits who have been hit, with 4% and Hennessy Cognac mak lvmh fell 1.1%.

In business interviews Thursday business, the White House officials blamed the EU for increasing dispute.

“Why are Europeans picking on Kentucky Bourbon or Harley-Davidson motorcycles? It’s disrespectful,” Commerce Secretary Howard Lutnick Told Bloomberg Television, describing the back-and-forth as “off the topic”.

Treasury Secretary Scott Bossent warned that a trading war was likely to impose the EU economic disorder than the US, withdrawing concerns that combat may be the combat.

“One or two things, with a Trading Bloc – I’m not sure why that’s a big deal for markets,” he said.

In interviewing Hardtalk at the BBC, the President of Europe’s Central Bank Christine Lagarde, says that the EU has “no choice” but again.

“Currently, everyone has set,” he said, adding that he expects both sides to sit and negotiate.

“Everyone will suffer” if the dispute should improve a thorough blow in the trading war, he warns.

So far, Trump shows a little allowance for revenge from the countries of the tariffs he identified.

In the past of this week, he wears Canada to threat to 50% Steel tariff and aluminum province of Ontario that answers new tariffs with a surcharge exported to the US.

He left the threat to Ontario’s approval to suspend charges.

Trump Stephen Moore’s first counselor, is now an economist with a foundation of heritage, saying that he thinks that the EU should make concerns about the rules of agricultural products.

“It completely ends with an agreement,” he said. “It’s only a question when it ends with a deal of a day, a week, a month or six months, but finally have a negotiation.”

The whole hardtalk is available from 14 March at the BBC News Channel, iPlayer, world service and as a podcast.