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President Donald Trump has threatened a 200% tariff on alcohol from EU countries unless a “nasty 50% tariff on whisky” is stopped
It’s the latest escalation of a global trade war, which this week has ramped up with 25% tariffs on all steel and aluminium entering the US
The EU responded to the steel and aluminium tariffs by saying it would raise its levies on up to €26bn ($28bn; £22bn) worth of US goods, including boats, bourbon and motorbikes, from 1 April
Tariffs are a central part of Trump’s overall economic vision – he hopes they will boost US manufacturing and protect jobs, but critics say in the immediate term they will raise prices for US consumers.
(BBC)
