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Trump threatens 200% tariff on EU alcohol Imports

Trump threatens 200% tariffs on EU wines and spirits, escalating trade war and affecting European drink company shares.

Published

11 months ago

March 14, 2025

Ahron Young

Trump threatens 200% tariffs on EU wines and spirits, escalating trade war and affecting European drink company shares.

In Short

President Trump has proposed a 200% tariff on EU alcohol imports in response to the EU’s 50% tariff on American whisky, heightening trade tensions. The ongoing conflict could affect over $10 billion in EU exports to the U.S., prompting potential retaliation from the EU.

President Trump has intensified his trade conflict with the European Union by announcing a potential 200% tariff on U.S. imports of wine, Champagne, and other alcoholic beverages from the EU.

This decision follows the EU’s imposition of a 50% tariff on American whisky. Trump emphasised this in a post on his Truth Social platform, indicating that the U.S. would respond strongly if the EU does not remove its tariffs.

The escalating exchange has led to declines in shares of European beverage companies, with the possibility that over $10 billion of EU exports to the U.S. could be impacted. In 2024, the U.S. had imported about $5.4 billion worth of wine from the EU.

French Trade Minister Laurent Saint-Martin condemned Trump’s actions, indicating that France, alongside the European Commission, is prepared to retaliate. Meanwhile, an EU spokesman noted that Brussels has been in contact with U.S. officials to discuss the tariffs.

The EU plans to impose its own tariffs on American products like whisky and motorcycles, aiming to counter the U.S. metal tariffs. The Distilled Spirits Council of the United States is advocating for a tariff-free trade agreement between the U.S. and the EU to benefit both economies.

The trade tensions have notably affected major players like LVMH and Pernod Ricard, with share prices declining amid the uncertainty. The situation remains fluid as both sides prepare for further discussions.

News

Iran buries nuclear site entrances amid rising tensions with the U.S.

Published

5 hours ago

February 11, 2026

Harvey Vargas

Satellite images reveal that Iran has buried all three tunnel entrances at its Isfahan nuclear complex. Analysts say the move mirrors defensive preparations taken before U.S. airstrikes devastated the facility last year, with no vehicle or personnel activity visible around the entrances.

The burial appears aimed at limiting damage from potential airstrikes and complicating any ground raid targeting enriched uranium stored in the underground facility. Experts suggest equipment or materials may have been moved into the tunnels for protection, though this remains unconfirmed.

The fortification comes amid ongoing U.S.-Iran tensions. President Trump has demanded Iran curb its nuclear program, warning of military action, while Tehran insists halting uranium enrichment is unacceptable. Recent indirect talks in Oman showed little progress toward a new deal.

News

Armed figure seen on CCTV as search intensifies for Savannah Guthries mother

CCTV shows armed figure near Nancy Guthrie’s home as search for the missing 84-year-old mother continues into week two.

Published

11 hours ago

February 11, 2026

Harvey Vargas

CCTV shows an armed figure near Nancy Guthrie’s home as the search for the missing 84-year-old mother continues into week two.

New CCTV footage has been released as police intensify the search for Nancy Guthrie, the mother of US Today show presenter Savannah Guthrie, who vanished in Tucson, Arizona.

The 84-year-old disappeared after returning home on January 31, with authorities now believing she may have been kidnapped during the early hours of February 1.

Investigators say the case has entered a critical phase as public attention grows around the alarming circumstances of her disappearance.

#BreakingNews #USNews #MissingPerson #TrueCrime #SavannahGuthrie #CCTVFootage #CrimeWatch #TickerNews

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Trump hints at military pressure as U.S. and Iran resume nuclear talks

US-Iran restart nuclear talks in Oman amid cautious optimism, while Trump considers military escalation and Israel demands stricter missile terms.

Published

12 hours ago

February 11, 2026

Harvey Vargas

US-Iran restart nuclear talks in Oman amid cautious optimism, while Trump considers military escalation and Israel demands stricter missile terms.

The United States and Iran have returned to the negotiating table in Oman, marking a fresh attempt to ease escalating nuclear tensions between the two long-time rivals. President Donald Trump described the talks as promising, suggesting momentum toward further discussions.

Iran’s Foreign Minister echoed cautious optimism, calling the meetings a positive first step while acknowledging deep-seated trust issues remain unresolved. At the heart of the talks is a major sticking point — the White House’s insistence that Iran dismantle its nuclear capability entirely.

Iran, however, maintains it has a sovereign right to enrich uranium, setting the stage for difficult negotiations ahead as both sides test whether diplomacy can hold.

#USIran #NuclearTalks #MiddleEastPolitics #Trump #IranNuclear #GlobalDiplomacy #WorldNews #TickerNews