Trump threatens 200% retaliatory tariffs on European wines, alcohols
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Donald Trump is starting off his morning by doing something he’s done quite often, which is threaten tariffs on major US trading partners.
The latest salvo is aimed at the European Union and their alcoholic beverage industry, particularly France and its world-renowned vineyards. Trump says he’ll put tariffs on what the bloc exports to the United States, after the EU yesterday imposed their own levies on American whiskey in retaliation for Trump’s tariffs on imports of aluminum and steel.
The escalatory tit-for-tat is why these things are referred to as trade wars. Here’s what Trump wrote, on Truth Social:
The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky. 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.
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if "A" does an action and "B" does a retaliatory move, then, next thing "A" does is not retaliatory. Now "A" is doing escalation. This is full on trade war and America has already losy looking at the markets.
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This guy is so cringe
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We should put a 1000% tax on BigMacs. Let's see how fast the numbers can go up.
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And nothing of value would be lost if Europe were to blanket ban all US drinks. Especially US wines and spirits. Vile, overly expensive stuff.
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Bar any other factors, yes, that should be the case.
Given there are multitudes of variables in play here: Unlikely.
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That's the spirits
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Jack Daniels is shit, drink a glass of Scotish or Irish whisky/whiskey instead.
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400% tax on coca cola!
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Yes on all, but oak aged chardonnay. Fucking love that shit. Been buying one from Washington for years now. Ste Michelle.
Gonna miss it while the carrot rules.
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IIRC wine and other alcohol products are already struggling a bit in the EU because the younger generation doesn't drink as much.
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No, it's exactly the opposite. No.alcohol means no spirits.
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then maybe Europe should retailiate by tariffs ov 250% on ANYTHING american - including ALL software services. And, if they don't pay immediately - what about rate-limiting their bandwidth until they pay proper taxes in Europe?
If they still block - SOME of their hardware is in European datacenters. We - Europe - plan on building our own big IT infrastructure. So, to quote Age of Empires:
"Nice cloud server - I'll take it." - and seize ALL the american IT hardware we've got here.
Let them sue...
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More booze for us, enjoy your prohibition lite.
