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US Announces 200% Tariff on EU Wine and Champagne Citing Retaliatory Whiskey Tariff

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US President Donald Trump has announced a threat to impose a 200% tariff on wines, champagnes, and other alcoholic beverages imported from European Union countries, specifically France, in response to the EU's imposition of a 50% tariff on American bourbon whiskey. The EU's action was part of a €26 billion response to Trump's 25% tariffs.

    1. How do we pursue our national interests in an age where our principal ally believes that might is right and is no longer committed to the international rules based order?
    1. We have learned altogether in these shaky geopolitical times ... especially in moments when your heart is really beating, it's important to keep calm.
    1. We will not give in to threats and will always protect our sectors.
    1. By doing this, the United States is hurting itself.
    2. Friends need to act in a way that reinforces, to our respective populations, the fact that we are friends.
    1. The arrow of the Trump's 'America First' policy has begun to zero in on South Korea.
    1. 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.
    2. The United States of America is going to take back a lot of what was stolen from it by other countries and, frankly, by incompetent US leadership.
    3. The EU was set up in order to take advantage of the United States.
    4. Ireland was very smart. They took our pharmaceutical companies away from presidents that didn't know what they were doing, and it's too bad that happened.
    1. I'm not concerned about a little bit of volatility over three weeks.
    1. In the worst-case scenario of no more commerce with the US, we would lose 25 per cent of our exports. It would be an earthquake.