US President Donald Trump waved again with his customs hammer. It threatens the EU with rates of 200 percent on wine and champagne if the European Union does not abolish its announced allowances to whiskey – and collapses on an error.
That would hit France and his “Buddy” Emmanuel Macron. Alcoholics from other European countries would also be affected. The EU had only announced on Wednesday immediately after American special rates have come into effect at steel and aluminum imports.
The European rates would influence American goods from 26 billion euros and products from boats to bourbon whiskey to motorcycles.
Trump’s announcement put the American exchanges under pressure on Thursday before the start of the trade. In a mention in his online network Truth Social, Trump mainly attracted French products. The EU rates should be “immediately” withdrawn, he demanded.
He accused the EU of being a “hostile” tax and customs authority. The state of the state was only established to harm the United States, he announced his followers. The rates on champagne and wines would mainly help American manufacturers. However, the president left open where Champagne is made in the US …
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
