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Donald Trump threatened a 200% reprisal rate on EU alcohol imports if the block imposes duty on American whiskey, in the last salvo of his growing trade war.
Position on his social platform Truth on Thursday, the American president said that this decision was a response to the EU’s decision to impose an “unpleasant” 50% rate on whiskey.
“If this price is not immediately removed, the United States will soon place a 200% rate on all wines, champagnes and alcoholic products leaving France and other countries represented by the EU. It will be great for wine and champagne companies in the United States, “Trump wrote.
The actions of drinking companies have sank following Trump’s position. Pernod Ricard fell 2.9%, the LVMH dropped by 1.7%and Diageo listed in the United Kingdom dropped by 1.8%.
American shares were to open their doors on Thursday, with term contracts following the S&P 500 down 0.3% and those who follow the NASDAQ at 0.5%.
Since its inauguration in January, Trump has imposed a series of growing rates on the largest business partners in the United States. The chaotic deployment of these samples, which was marked by several sudden covers, rocked companies and financial markets.
Earlier this week, the United States imposed prices of 25% on all imports of steel and aluminum, tearing several specific agreements to the country which had been struck by former president Joe Biden.
On Wednesday, the EU announced that it would retaliate against metal prices by applying tasks that can reach $ 28 billion in US goods, including Whiskey, Jeans and Harley-Davidson motorcycles from April 1.
EU officials said they had deliberately targeted products manufactured in the states of Republican senators in order to stimulate the opposition among legislators to the aggressive trade measures of Trump.
