US President Donald Trump threatened to target 200 % on any alcohol coming to the United States from the European Union (the European Union) in the last development in the escalating trade war.

The threat is in response to the European Union’s 50 % tax plans on the US -producing whiskey imports as part of its retaliation to Trump Definitions on all imports of steel and aluminum To the United States.

The US President called for the immediate removal of the “bad” tariff of the European Union on the American whiskey, describing the “hostile and abusive” bloc and “formed for the only purpose of benefiting from the United States.”

A European Commission spokesman said that the calls are “prepared” between the United States and the European Union to discuss the situation.

He emphasized that its commercial commissioner, Marus šefčovič, “communicated with his American counterparts” after Trump’s recent threat.

The confrontation represents another escalation of a commercial war The defeated financial markets Fears about the influence of economies and consumers in many countries worldwide, including the United States.

Europe sends more than 4.5 billion euros ($ 4.89 billion; 3.78 billion pounds) of wine every year to the United States, which is the largest export market, according to Comité Européen des Entreprises Vins, which represents the European wine industry.

“Trump continues his threats, he will destroy the market and cost thousands of jobs.”

He said: “There is no alternative to selling all this wine,” and he pleads with the two sides “to remove the wine from this battle.”

The last conflict came after the new American definitions entered steel and aluminum on Wednesday, as mineral imports reached a 25 % abdominal duty and ended the exemptions from the duties that the United States previously granted to shipments from some countries, including from the European Union and Canada.

Canada and Europe – which are among the largest commercial partners in America – are called unjustified new taxes and with their own tariffs on a group of American products. European Union measures are scheduled to enter April 1.

the Clash restores a battle that was played during the first period of Trump, when he announced for the first time the definitions of steel and aluminum.

The European Union responded to its own definitions, including a 25 % tax on the American whiskey.

In the aftermath, sales of whiskey to the European Union decreased by 20 %, as it decreased from about $ 552 million in 2018 to 440 million dollars in 2021, according to the Military Spirits Council in the United States. Trump, in turn

The definitions were raised after Trump left his post, after the two sides reached an agreement that exempted a certain amount of European minerals of duties.

But Trump pointed to a little appetite to make deals so far, at least when it comes to steel and aluminum.

“If this customs tariff is not removed immediately, the United States will shortly after a 200 % tariff on all wine, and champagne and alcoholic products from France and other countries represented in the European Union are eating,” he wrote on social media.

Targeting wine and whiskey symbolic – there are a few consumer goods more famous than French Bordeaux or a whiskey. From the point of view of value, the value of the drink trade is less than some other elements facing definitions.

But Mary Taylor, the European alcohol in the United States, said that the measures would be disastrous for its work and industry, with an effect that extends to restaurants, bars and distributors throughout the United States.

“It seems to be a great threat and a giant of our livelihoods,” she said.

Mrs. Taylor, who brings 2 million bottles annually, was exposed to a 25 % tariff for some European Union bottles during his first term by distributing its distribution in Europe, but she said: “200 % is a completely different ball game.”

The stocks fell in the United States again on Thursday.

The S&P 500 decreased by approximately 1.4 %, taking it approximately 10 % of the last peak – a teacher known as the correction. Dow fell 1.3 %, while Nasdak decreased by approximately 2 %.

In Europe, the FTSE 100 was in London flat, while DAX has ended Germany with 0.5 % less.

In Paris, CAC 40 decreased by 0.6 %, as the shares of the main spirit makers were exposed, as Bernod Ricard decreased by 4 % and the Hennessy LVMH maker decreased by 1.1 %.

In interviews with the American commercial media on Thursday, White House officials blamed the European Union for the escalation of the conflict.

“Why do Europeans choose Kentucky Bourbon bikes or Harley Davidson bikes? It is not respected,” commerce Minister Howard Lootnick told Bloomberg, describing “outside the subject.”

Treasury Secretary, Scott Payette, warned that the trade war is more likely to cause economic pain in the European Union more than the United States, and rejected fears that the clash could escalate.

“One or two elements, with one trading block – are not sure why it is a big problem for the markets,” he said.

In an interview with the BBC, European Central Bank President Christine Lagarde said that the European Union “has no choice” but revenge.

“At the present time, everyone puts his position,” she said, adding that she expects to sit and negotiate.

She warned that “everyone will suffer” if the conflict would develop into a complete trade war.

To date, Trump has shown a little tolerance with revenge on the countries about the definitions he made.

Earlier this week, Canada criticized a 50 % tariff on steel and aluminum after the Canadian Ontario Province of the new customs tariff responded with additional fees for electricity exports to the United States.

This threat was canceled after Ontario agreed to suspend the charges.

Former Trump advisor, Stephen Moore, who is now an economist at the Heritage Corporation, said he believed that the European Union will have to provide a privilege to defuse this situation, noting that Trump expressed his concerns about the rules of agricultural products.

“This will definitely end with a deal,” he said. “It is just a question if it ends in a deal in one day, a week, a month or six months, but there will be eventually a settlement of negotiations.”

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