President Donald Trump stated on Thursday that he will impose a 200% tariff on all wines and other alcoholic products from EU countries if the bloc does not lift its whiskey tariff, Reuters reports.
"The European Union, one of the most hostile and abusive tax and tariff organizations in the world, which was created with the sole purpose of taking advantage of the United States, just imposed an unpleasant 50% tariff on whiskey," Trump wrote on the social media platform Truth Social.
"If this tariff is not lifted immediately, the USA will soon impose a 200% tariff on all wines, champagne, and other alcoholic products from France and other EU countries. This will be very beneficial for the wine business in the USA," the president added.