Today, trade tensions are rising as President Donald Trump threatens a jaw-dropping 200 percent tariff on European alcoholic beverages. This bold move comes after the European Union retaliated against Trump’s new tariffs on steel and aluminum.
In a post on Truth Social, Trump declared that if the EU doesn’t drop its 50 percent tariff on American spirits, the U.S. will hit back hard. He suggests this could actually benefit American wine and Champagne businesses, but the reality could be much more complicated.
Just a day after Trump’s tariff took effect, the EU announced its own countermeasures targeting about $28 billion in American goods, including boats and bourbon. The back-and-forth is putting U.S. distilleries on edge as they brace for what could be a significant financial hit.
One key question looms: How will these trade battles affect shoppers and businesses across the globe?
Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.
