President Donald Trump announced Thursday that he is prepared to impose a 200% tariff on French wine imports from France and other European countries. This threat follows the European Union’s decision to move forward with a planned tariff on American whiskey.
Trump made the announcement on Truth Social, warning that if the EU does not remove its tariff immediately, the U.S. will respond with steep duties on European wines, champagnes, and other alcoholic products.
“If this tariff is not removed immediately, the U.S. will shortly place a 200% tariff on all wines, champagnes, & alcoholic products coming out of France and other E.U.-represented countries. This will be great for the wine and champagne businesses in the U.S.,” Trump wrote.
Escalating Trade Tensions
The president’s statement comes in response to a new wave of European tariffs targeting U.S. goods. On Wednesday, the European Commission announced countermeasures on $28 billion (26 billion euros) worth of American exports. These tariffs are a direct response to Trump’s decision to impose a 25% tariff on steel and aluminum imports from Europe.
European Commission President Ursula von der Leyen defended the EU’s actions, describing them as a necessary and measured response.
“Our countermeasures will be introduced in two steps, starting on April 1 and fully in place by April 13,” she stated. “In the meantime, we will always remain open to negotiation.”
Potential Impact
If Trump follows through with his 200% tariff threat, European alcohol producers could face significant challenges in the U.S. market. France, known for its wine and champagne exports, would be particularly affected. The move could also drive up prices for American consumers who buy imported European alcohol.
On the other hand, U.S. wine and spirits producers could benefit from reduced competition. Trump framed his proposal as a way to strengthen domestic industries, suggesting that American wineries and champagne businesses would see a boost if European imports became more expensive.
This is a developing story. Updates will follow as more details emerge.