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International Business Times
International Business Times
Business

Trump Tariff Threat Leaves Sour Taste For European Drinks Producers

Donald Trump Europe The United States WTO United States European Union World Trade Organisation Alcohol the Distilled Spirits Council
French wine risks staying on the rack in US stores after Trump's tariff threat (Credit: AFP)

President Donald Trump's threat to impose a 200 percent tariff on many European Union alcohol imports, amid a spiralling trade war, will hit a market worth $10 billion to EU producers in 2023, according to World Trade Organisation figures.

Trump turned his favoured tariff weapon on EU wines and spirits in response to the bloc's planned 50 percent levy on American whiskey.

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