Trump threatens retaliatory 200% tariff on European wine after EU proposes American whiskey tax

… might cause some economic pain …

Trump continues to wreak havoc on the U.S. economy and the hard-earned savings of so many hardworking Americans, while using his position of power for his own personal benefit.

The conservative-leaning Wall Street Journal exclusively broke news today that Trump is “pursuing a business deal involving a [foreign] felon seeking a pardon from his administration.” The article stressed this deal with Changpeng Zhao would be “an unprecedented overlap of [Trump’s] business and the government” and “would also be a striking expansion of the family’s cryptocurrency endeavors as Trump signs a series of executive orders that benefit the industry.”

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https://www.wsj.com/finance/currencies/trump-family-has-held-deal-talks-with-binance-following-crypto-exchanges-guilty-plea-05b029fa?

There will come a great reckoning.

Trump continues to wreak havoc on the U.S. economy

It appears Trump is devaluing the dollar to push investors toward his family’s cryptocurrency endeavors.

What a shyster!

It's not just export reductions. Trump and Musk are generating boycotts abroad too. US soft power is history.

There is no such thing as US champagne or prosecco. Only sparkling wine produced in the relevant regions can be so termed. But what's in a name? The US produces vast amounts of sparkling white that can fill the gap.

In general this won't make too much difference as both the US and EU produce all types of booze. Wine and spirit buffs may be distraught though. And producers will have to globalise their sales a bit more.

I'm just glad this is the US and booze, not India and tea. My current tea stash should last about a year. Perhaps it is time to double it, just to be on the safe side.

How goes the cult of personality?

Just do it, soon you will step back like car taxes. In all the cases, you will dig even more your own grave and tour country within. Boycott of US Brands is effective in all over the world.

trump is destroying his country little by little but MAGA does not want to understand. They are as guilty as felon 47 and they feel great now....

Donald doing his utmost to destroy old alliances, dumping fuel in the fire, all to satisfy his personal revenge desires!!

California wine is outstanding anyway.

“This will be great for the Wine and Champagne businesses in the U.S.”

Maybe someone should tell this ignorant buffoon that there is no "champagne business" in the US.

I'm glad that Trump is serving the American people (not). These "Tariffs" will only damage people in the end. It's nothing but pure inflated ego on his part. Nothing else. Glad that most Americans don't go for his ego. This is obviously a huge mistake that should be in the Business 101 textbooks on how NOT to succeed in business.

Maybe someone should tell this ignorant buffoon that there is no "champagne business" in the US.

I wouldn't recommend that. He'll decide to invade France so he can claim usage of the name "Champagne".

Countries of EU have a choice, lower tariff and non-tariff barrier to 'match' US rates and help your consumers with lower prices and choice, $Pay US 'Reciprocal' Tariffs starting 2 April or move production to US to avoid Reciprocal Tariffs

So the US can impose tariffs but when others do the same in retaliation it is suddenly not OK? The US is becoming really diffficult to like these days. Not even China or Russia behaves like this.

More Trump chaos.

Judging from his mad-hatter shenanigans since he slunk back behind the fig-leaf of the resolute desk, there's no chance the felonious grifter will last 4 years. Europeans should turn their backs on the orange bully who thinks he can run the country (and the world) like Tony Soprano.

These tariffs will severely damage the EUs wine and spirits industry. It's a wake up call for the EU.

All Europeans should boycott all American products. Then Trump fails. I have boycotted all American products since the start of March and will continue for at least the next four years. If enough people do the same the Amercian economy will tank.

India is reducing tariffs on whisky from 150 percent to 100 percent in order to placate Trump.

India is the largest whisky market in the world and it consumes more than half of the world’s whisky supply. India consumes more whisky than US, France and Japan combined.

So if the EU wants to keep on rubbing Trump off the wrong way, it's most welcome. India will step in and replace it's substantial consumption of Pernord Ricard's Royal Stag and Imperial Blue brands with Jack Daniels and Jim Beam.

All Europeans should boycott all American products. Then Trump fails. I have boycotted all American products since the start of March and will continue for at least the next four years. If enough people do the same the Amercian economy will tank.

Yes because the US can not survive with Europe. Or is it the other way round?

Here we go, again. The rest of World should just forget about trump and America. The rest of us should just get along with ourselves/trade/exchange/etc. Advice for America, just impose 1000% tariffs on the rest of the world, we can all go to sleep, including America, we can stop wasting time.

India will step in and replace it's substantial consumption of Pernord Ricard's Royal Stag and Imperial Blue brands with Jack Daniels and Jim Beam.

So currently they aren't drinking Jack Daniels and Jim Beam?

But they will now switch from European brands to US brands?

Why?

So currently they aren't drinking Jack Daniels and Jim Beam?

3 out of the top 10 whisky brands in India are from Pernord Ricard stable.

https://www.forbesindia.com/article/explainers/top-10-whisky-brands-india/94217/1

Jack Daniels has a very small market share in India because the British spoiled the taste of Indians by introducing them to Scotch whisky. India is now reducing tariffs on Bourbon to please Trump.

https://hospitality.economictimes.indiatimes.com/amp/news/speaking-heads/will-the-cut-in-bourbon-tariffs-increase-its-popularity/118571857

Though I do admit I have a soft corner for Blenders Pride because of some fond memories since my college friends all were whisky drinkers.

I have boycotted all American products since the start of March and will continue for at least the next four years.

What internet browser did you use to post here?

I'll do my part to buy up some of that French and Italian wine. Take one for the team.

Trump has the same bargaining skills as a 3 year old.

Donald Trump wants permanent lasting radical change quickly.

Economic, militarily, every sector....

President Trump will secure such change, however with chaos.

Listen please.....

Trump vows response to the EU's retaliatory tariffs: 'Of course I'm going to respond'

https://www.youtube.com/watch?v=T1hSh_-EGCM

2nd April I understand reciprocal "tariff" will introduce, force change .

To understand why i suggest EU member states could well have to sooner or later comply

EU regulatory framework protects the "producer/lobbyist" not the consumer.

All right here

EUR-Lex

Access to European Union law

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=LEGISSUM:regulation

Common agricultural policy

https://agriculture.ec.europa.eu/common-agricultural-policy_en

These laws, regulations inflexibility have, and will continue to be EU “Achilles' heel” .... Add in the gross ring fenced single currency.

VIVALDI - Made in Sweden - works great.

Oh yeah--close, but you got it wrong.

See, VIVALDI is headquartered in NORWAY.

https://vivaldi.com/company/#locations

Its founder is Icelandic-Norwegian.

What you meant to say is you use MULLVAD, which is based in SWEDEN.

Enjoy your MacBook Air.

Enjoy your MacBook Air

Have you read half of the books ever written on PCs?

I spent my secondment opportunities in Lyon, short time Paris.

A wonderful time, the people, french cuisine.

Economically, taxation, the cost of living, all enshrined in the principle of subsidiarity.

Article 5(3) of the Treaty on European Union, dictates that the EU should only act when it's more effective than Member States acting alone at national, regional, or local levels, except in areas of exclusive EU competence. 

Federalization on a scale, that would be unthinkable to the US developed mixed economy, purchasing power parity.

I find it hilarious that people are calling for boycotts of U.S goods and services now. These same people were fine a year ago when the U.S was selling bombs to Israel to butcher children in Gaza yet all a sudden the U.S turns on them through imposing tariffs and they get so angry. Just goes to show you people don't care about lives but as soon as their economic interests are targeted then they start changing their political tune.

There does not have to be a "Trade War".

Negotiate a constructive agreed trading system through compromise.

All parities.

American quality of life going down the drain. In all honesty, Americans deserve the suffering coming their way.

I say that as an American…expat.

Forcing Americans to drink Californian wine and vile US "Whiskey" because that are tarriffed out of the real stuff is cruel punishment.

The junk is often watered down with sweet cola for good reason - to try and make it drinkable.

There is some reasonable Californian Wines

Want to Understand California Wine? These 11 Bottles Will Teach You Everything

https://www.foodandwine.com/california-wine-essential-bottles-8713823

I will pass on the "Whiskey" and the fast food.

BBQ is outstanding

Other than his self-promotion scams, is there even a single Trump-run business that did not go bankrupt, or require a bailout by Russian-guaranteed loans from Deutsche Bank? Even his "Art of the Deal" is a total scam.

Maybe someone should tell this ignorant buffoon that there is no "champagne business" in the US.

It’s the French who won’t allow anyone else to call it champagne and so it’s sparkling wine. A violet by any other name is still a violet.

If only sandwiches from Sandwich could be called a sandwich, that doesn’t mean the world has no sandwiches.

DJT knows a great way to LOWER global inflation is to LOWER tariffs and non-tariff barriers

Reciprocal tariffs designed to get countries and their companies to either lower their tariffs, or produce in US, either of which will result in greater supply side market access, pricing competition and economic growth.

Countries and companies electing to do 'nothing' will simply have to $Pay for US market access equal to what US companies pay to access their domestic markets.

DLT by threatening massive 200% tariffs, trying to overwhelm EU, as they can't win a trade war with US as they have approx. 350 $Billion annual trade surplus, WHY?

EU political officials are upset because they're losing control over the narrative described above, the ability to $benefit from their protected companies' windfall profits due to the tariffs they implemented.

EU companies will either be forced to move production to the US (many are) or become uncompetitive within the US market due to reciprocal tariffs.

Politicians and bureaucrats thus in a quandary, lower their tariffs and lose their leverage over domestic producers, see domestic producers move abroad, again losing leverage, or finally see domestic producers become uncompetitive within US and thus less profitable and again lose leverage with these same companies.

Any real surprise DJT's so HATED by nearly entire political class outside the US that trades with the US?

Any real surprise DJT's tariff polices so POPULAR with most US workers and most US companies?

Finally, all of above's widely understood and hardly controversial. High tariffs damage economic growth and only benefit a very few due to artificial manipulation of markets, while hurting everyone else with higher prices.

Not surprisingly it's the political elite, both elected and unelected that benefit along with select companies provided domestic market barriers that allow such companies (or farmers) to raise their prices higher than possible within a normal market equally open to all.

DJT's seeks to lower global inflation and promote economic activity by forcing trading partners to lower their tariffs, produce in US, or via reciprocal tariffs effectively lose export access to US markets.

Maybe scotch whisky will get a reprieve in the US – that seems likely to me

High tariffs damage economic growth and only benefit a very few due to artificial manipulation of markets, while hurting everyone else with higher prices.

Exactly, and tariffs are the first and last resort for trump. That’s all he knows. A baby waving around an AK-47. Stop pretending he knows what he’s doing.

DJT knows what he's doing, tariffs tensions will peak soon, you can be sure MANY more countries will announce in the coming weeks their decision to lower tariff and non-tariff barriers to achieve US reciprocity.

Above will be a process that plays out for months and eventually there will be lower prices and more choice for consumers in MOST countries that trade with the US.

Above will put downward pressure on inflation while spurring economic growth across the world and if peace is achieved in Ukraine, further downward pressure on especially commodity prices and thus lower inflation.

DLT = $Golden Economic Touch, big reason he's #47

It’s a lovely fantasy, but the multiple Nobel winning economists, the trade war, the $5 trillion knocked off the stock market and the rapid descent into recession tell a vastly different story.