Mr. Trump wrote on social network Truth Social on March 13 that: “The European Union has just imposed a 50% tax on American whiskey. Without canceling this command, the US will soon impose 200% tax on all wine products, ginseng, alcohol products from France and other countries in the EU. This will be great because businesses of wine and ginseng in the US. ”
Also in the above article, Mr. Trump criticized the EU “established with the purpose of taking advantage of the US”.
The tariff Mr. Trump applied to the imported metal, the EU quickly retaliated
The EU has not responded to the latest article of President Trump. Earlier, on March 12, the EU announced that it would impose a US $ 28 billion tax on products imported from the United States, in response to the US import tax on aluminum and steel import, including the notice that will impose 50% strong taxes in the United States.
In 2018, Europe had 25% of strong alcohol taxes from the United States. By June 2021, this tax rate increased to 50%, after which the parties agreed to suspend the tax until March 31, 2025.
US President Donald Trump at the White House on 11.3
The recovery of strong alcohol on alcohol causes businesses in the industry to worry about the impact on European companies involved in American wine production, affecting American companies investing in European wine industry, as well as threatening jobs in rural areas of wine production.
The European Commission said there is still a chance for the negotiators and emphasizes no one to benefit from increasing taxes.
In the development of Mr. Trump’s tariff policy, General Director David Solomon of Goldman Sachs, a famous multinational investment bank in the US, said that the business community understands what Mr. Trump is going to do with tax imposition decisions.
“Currently, the business community always wants to have a lower tariff level everywhere in the world. There are uncertainty and the market will have to go through that, but we will need to monitor all the things like,” The Hill quoted Mr. Solomon on 12.3. Solomon said businesses still want to receive more solid policies from the White House boss.
