Trump threatens 200% tariff on French wine, other EU alcohol products

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close video Business community ‘understands’ Trump’s intentions with tariffs, Goldman Sachs CEO says

Goldman Sachs CEO David Solomon discusses the business community’s thoughts on President Donald Trump’s tariffs, support for small businesses, deregulation of banks and making America the crypto capital of the world.

President Donald Trump on Thursday threatened to impose a 200% tariff on alcohol products from France and other European countries.

"If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES. This will be great for the Wine and Champagne businesses in the U.S." Trump said in a post on Truth Social. 

This is a developing story. Please check back for updates. 

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