- Summary
- EU plans counter tariffs on $28 billion in U.S. goods
- EU wine exports to the United States worth 4.9 billion euros
- EU said it remained open to negotiations
- Trump: will target European wine to protect US whiskey
Ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminum, the European Commission said on Wednesday that it will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month.
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The EU executive said, however, that it remained open to negotiations and considered higher tariffs in no one's interest.
Trump raised the ante in a social media post on Thursday.
"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," Trump wrote on Truth Social.
If the tariff is not removed immediately, Trump said, the United States would soon place a 200% tax on all wines, champagnes and other alcoholic products coming out of France and other EU countries.
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