President Donald Trump threatened on Thursday a 200% tariff on the champagne and other alcohol products of the European Union, increasing a global commercial war that has started the markets and fueled the fears of recession.
The measure occurred one day after the EU announced plans to slapped tariffs with goods from the USA. These tariffs marked a response to US tariffs. In steel and aluminum imports.
Trump asked the EU to abandon its tariff on whiskey, saying that the United States otherwise “placed” a rate of EU alcoholic products.
Trump abruptly criticized the EU, describing the organization as “one of the demanding and most abusive and abusive rates of the world.”
A customer pours a glass of wine Beauulais Nouveau at the Le Mesturet restaurant in Paris, France, November 16, 2023.
Sarah Messonnier/Reuters
In a statement a previous day, Ursula von der Leyen, president of the European Commission, said the EU “must act to protect consumers and businesses.”
Shares futures rose earlier Thursday morning, erasing some profits in the S& P 500 and Nasdaq Technological Heavy one day before. The future industrial average Dow Jones showed a continuation of the losses incurred on Wednesday.
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