US distillers warn consumers of economic domino effect, as other countries are beginning to place retaliatory tariffs in the US beverage industry.
The European Union (EU) has delayed the imposition of its first retaliation tariffs against the United States by mid -April, after President Donald Trump The 25% tariff reduction was endangered for all imports of steel and aluminum earlier this month, according to Reuters.
Countermakers of about $ 28 billion in US products, including a 50% tariff on the US whiskey, were originally set up on April 1, with a second wave that would hit it on April 13.
However, the EU has decided to postpone the imposition of all retaliatory tariffs by mid -April on Thursday, Reuters reported.
The exit said the delay would give the EU more time to negotiate with the United States and consider products subject to the new tax.
EU avenges Trump tariffs by targeting $ 28 billion in US products, potentially including meat, tools
Jamesimson and powerful whiskey on a shelf at a supermarket in Galway, Ireland, on January 4, 2022. (Cilcoyse/Filse/Photos of Fear/Reuters)
“Now we are considering reconciling the time of the two sets of EU counter-measures so that we can consult with the member states on both lists at the same time, and this will also give us extra time for negotiations with our American partners,” European Commissioner for Trade Maros Sefkovic said at a hearing at the European Parliament on Thursday, Reuters reports.
Trump’s 25% increase in all steel, aluminum imports take effect, causing revenge from Europe
President Donald Trump said the United States could impose a 200% tariff on European alcohol in response to the EU, announcing its retaliatory tariffs on US products. (Left: Win images of McNim/Getty; Right: Thierry Monks/Getty Pictures/Ghetty Pictures)
After the EU first announced its countermeasures, Trump responded with a 200% tariff threat of wine and other alcoholic products from its European counterparts if the Union took place with its retaliation tariffs.
“If this tariff is not removed immediately, the United States will soon set up a 200% tariff on all wines, champagne and alcoholic products coming out of France and other EU countries. This will be great for wine and champagne businesses in the United States,” Trump said in a social statement.
Trump threatens 200% tariff for French wine, other EU alcohol products
EU flags tremble in front of the European Central Bank (ECB) headquarters in Frankfurt, Germany, July 18, 2024. EU has decided to postpone the imposition of its retaliatory tariffs against the United States (Jana Born Babush / Photo -Data Photo / Reuters)
Prime Minister Mikel Martin of Ireland, a major exporter of whiskey, said Thursday that delaying countermeasures is a reasonable decision and will allow Europe to “” wisely and strategically respond “, according to Reuters.
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Sefkovic pointed out that little progress has been made in de -escalating Global Trade WarAnnounced the exit.
“I don’t think the US thinking is in that direction,” Sefkovic said of proposals to reduce import duties. “And right now they believe that the best way to do this is through tariff policy. I hope we will come to this discussion one day, but at the moment we are not clear.”
The business of the fox “Daniela Genenovas” and “Reuters” contributed to this report.
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