American distillers are warning consumers of an economic domino influence as other countries begin to keep anti -anti -anti -counter tariffs on the American beverage industry.
The European Union (EU) has delayed the implementation of its first retaliatory tariff against the US by mid -April after the President. Donald Trump According to Reuters, early this month threatened to increase 25% tariff on all steel and aluminum imports.
About 28 billion dollars of countericble on US goods, including 50% tariff on US whiskey, was originally set in stage on 1 April, with a second wave on 13 April.
However, the European Union on Thursday decided that by mid -April, there was a delay in implementing all retaliator tariffs, the Reuters said.
The outlet stated that the delayed European Union would get more time to interact with the US and review the products under new tax.
On a shelf in a supermarket in Jameson and Power Whiskey, Gaulway, Ireland, on January 4, 2022. (Clodagh kilcoyne / file photo / Reuters)
“Now we are considering aligning the time of two sets of counter-types of the European Union so that we can consult together on both lists with the member states, and it will also give us extra time to interact with our American partners,” European Trade Commissioner Maros Sefkovic said in a hearing in the European Parliament on Thursday, according to the Reuters.
The decision was praised by the American whiskey distillers.
“This is a very positive development and gives us a glimpse of the hope that a devastating 50% tariff on the American whiskey can be postponed,” said Chris Swongagar, president and CEO of the Distilled Spirits Council. “The tariffs of these European Union have been suspended over the last three years, American whiskey exports have increased to the European Union, supporting American distilarios as well as local farms in local farms.”
“We urge us to reach the European Union and an agreement that will protect and protect the zero-for-zero tariffs for the business of souls, benefiting the souls and hospitality,” Swayongar said. “Spirits industry is a model for development through zero tariffs at zero and development through mutual trade.”
President Donald Trump announced that the US could apply 200% tariffs on European liquor in response to the European Union, which declares its anti -retrorship tariff on American goods. (Getty Image / Getty Image)
After the European Union announced his counter -counterf for the first time, Trump replied by threatening 200% Tariff on alcohol And other alcohol products from their European counterparts if the union had to proceed with its anti -anti -subscriber tariff.
Trump said in a post, Satya Samaj said, “If this tariff is not removed immediately, the US will soon put 200% tariff on all wines, champions, and narcotic products coming out of countries representing France and other European Union. It will be great for alcohol and champagne businesses in the US.”
Trump threatens 200% tariff on French liquor, other European Union liquor products
On July 18, 2024, the European Union flags flow in front of the European Central Bank Headquarters in Frankfurt, Germany. (Jana Rodenbasch / File Photo / Reuters)
Ireland Prime Minister Michael Martin, a leading whiskey exporter, said on Thursday that delay in counterers was a sensible decision and according to Reuters, Europe would allow Europe to “wise and strategically”.
Get Fox Business when you click here
Sephakovic indicated that there has been a little progress in de-suscule Global trade warThe outlet reported.
“I don’t think America’s thinking is in that direction,” Sephakovic said about proposals to reduce import duties. “And currently they believe that the best way to do so is through tariff policy. I hope we will come into this discussion one day, but currently we are not clearly there.”
Fox Business’ Denila Genovens and Reuters contributed to this report.
