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Donald Trump has threatened a 200 percent revenge fee for EU alcohol imports if the block imposes a task of US whiskey in the last Salva in its escalating trade war.
Posting on his social platform on Thursday, the US president said the measure was a response to the EU decision to impose a “bad” fee 50 percent of the whiskey.
“If this fee is not removed immediately, the US will soon impose a 200% fee in all wines, champagne and alcoholic products coming out of France and other EU -represented countries. This will be great for summer and champagne businesses in the US,” Trump wrote.
The shares of the beverage companies sank after Trump’s post. Pernod Ricard fell 2.9 percent, LVMH RA 1.7 percent and the UK listed diameal fell 1.8 percent.
US chapters were decided to open the lowest on Thursday, with the future accompanying the Blue-Chip S&P 500 below 0.3 percent and those following 100 heavy technology Nasdaq 100 by 0.5 percent.
Since his inauguration in January, Trump has imposed a series of escalation fees for the largest US trading partners. The chaotic participation of these taxes, which has been listed by some unexpected turns, has struck businesses and financial markets.
Earlier this week, the US imposed a 25 percent tariff on all imports of steel and aluminum, distributing some specific agreements of the country hit by former President Joe Biden.
The EU on Wednesday announced that it will retaliate against metal tariffs applying up to 50 percent tasks to $ 28BN of US goods, including whiskey Bourbon, Jeans and Harley-Davidson Motorbikes, from April 1.
EU officials have said they intentionally aimed at products made in Republican senators in an attempt to increase opposition among lawmakers in Aggressive Trump trade measures.
