Fire late at night, Trump: 200% tariffs are imposed

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Trump said on Truth Social: The EU is one of the most hostile and abused tax and tariff powers in the world, and its sole purpose is to exploit the United States. Today, it has just imposed a bad 50% tariff on whiskey.

If this tariff is not immediately lifted, the United States will soon impose a 200% tariff on all wine, champagne and alcohol products from France and other EU member states. This will greatly promote the wine and champagne industry in the United States.

Affected by this news, the share prices of European alcoholic beverage producers fell.

LVMH (Moet Hennessy-Louis Vuitton), the world's largest luxury brand group and led by European richest man Bernard Arnault, fell by more than 2.2%. Cognac producer Toma Counte's share price fell nearly 4%, while spirits producer Pergola's share price fell more than 3%.

According to Xinhua News Agency news, France's ministerial representative for foreign trade, Laurent Saint-Martin said on the 13th that France will not surrender and is determined to fight back with the EU in response to the threat of the US imposing 200% tariffs on EU alcohol products.

It is reported that the EU is planning to take countermeasures against Trump's metal tariffs, and plans toUS products worth up to 26 billion euros (approximately US.3 billion) (Including whiskey) Tariffs are imposed.

In addition, the EU will immediately consult with member states, with the goal of formulating and implementing additional tariff lists for agricultural and industrial products by mid-April, with a tax rate of up to 25%.

"The EU must take action to protect consumers and businesses. The countermeasures we take today are strong and reasonable and moderate," European Commission President Ursula von der Leyen said on Tuesday.

The move could further intensify the trade war and force countries to take countermeasures that could prompt Trump to further increase tariffs on the grounds of "reciprocity."

The Canadian government also announced a counterattack against US steel and aluminum tariffs on the 12th.A 25% counter-tariff tariff will be imposed on US goods totaling CAD 29.8 billion (1 CAD is approximately US将对总计298亿加元（1加元约合0.69美元）的美国商品征收25%的反制关税，.69).The American goods involved include steel and aluminum products, computers, and sports equipment.

On the 12th local time, Trump said at the White House that once the EU implements a plan to impose counter-tariffs on some U.S. goods, he will increase his "punishment".

Maroche Sevchovich, a member of the European Commission's commissioner for trade and economic security, said that the United States imposed tariffs on EU steel and aluminum products "completely wrong direction." The EU will continue to seek an agreement with the United States, but "we will not ignore unreasonable tariffs and will not shy away from protecting our legitimate economic interests."

Penny Nass, a trade expert at the Marshall Foundation in Germany, believes that Trump does not seem to want to trade with the EU at the moment.Instead, it is almost engaged in "hegemony"."This is not a reciprocity of giving and taking, but 'you have to give."