In a dramatic twist in transatlantic trade, the U.S. is ramping up tensions by threatening a whopping 200% tariff on wines, champagnes, and other alcoholic beverages from France and other EU member states. This move follows a 25% tariff on steel and aluminum imports from the EU and a 50% tariff by the bloc on American whisky.
French voices were quick to respond. French Minister Delegate for Foreign Trade Laurent Saint-Martin warned that France is fully prepared to retaliate alongside the European Commission and its partners, while French Foreign Ministry spokesman Christophe Lemoine stressed an "immediate, firm and appropriate" response if Washington follows through.
European Commission President Ursula von der Leyen, during a visit to South Africa, reminded the world that the EU remains open for negotiations but is steadfast in defending its interests. Experts like Croatia's Luka Brkic pointed out that tariffs hurt everyone, especially the country that imposes them.
Industry groups such as the Federation of French Wine and Spirits Exporters and spiritsEUROPE have urged both sides to keep alcoholic beverages out of wider trade disputes, warning that such measures could take a heavy toll on businesses and consumers alike. The Irish Whisky Association also expressed concerns over the potential economic fallout.
As this transatlantic trade drama unfolds, all eyes are on Washington and European capitals. Will bold negotiations ease the tension, or are more turbulent trade winds on the horizon? Stay tuned as this high-stakes showdown continues to evolve. 🍷💥
Reference(s):
cgtn.com
