Trump Floats 200% Levy on EU Champagne, Wines, Spirits

President Trump has threatened more retaliatory tariffs on the European Union, proposing via social media a new, 200% levy on all EU champagnes, wines and spirits sent to the U.S.  The idea, the President noted, is in response to the EU’s retaliatory tariff of 50% on U.S. spirits.  Trump said on Truth Social that he would put the tariff in place unless the EU removed the tariffs it imposed on U.S. spirits last week.  He called the tariff on bourbon “nasty” and said that this 200% levy “will be great for the Wine and Champagne businesses in the U.S.”

The retaliatory tariffs the EU announced would go into effect in April and impact about $28 billion worth of U.S. goods, including spirits.  The EU made this announcement — which in effect peels back decisions from 2018 and 2020 to continue to suspend tariffs on these goods from the U.S. — after President Trump announced a 25% tariff on steel and aluminum products earlier last week.

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