President Trump says he will place a 200-percent tariff on all alcoholic products from the European Union. In a post on Truth Social, Trump said it would be in response to a 50-percent tariff on Whiskey implemented by the EU. The President said the union was created for “the sole purpose of taking advantage of the U.S.” He added the tariff will be great for champagne and wine businesses across the country. It all comes after both the EU and Canada responded with tariffs of their own yesterday after Trump placed some on steel and aluminum imports.
***Courtesy of Total Traffic News***