Europe Preps Retaliatory Tariffs for U.S. Goods
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Shares of U.S. spirits distillers slid in late trading amid reports that President Trump is pushing for a 15%–20% baseline tariff on imports from the European Union. Faced with the possibility of reciprocal tariffs on American exports of wine,
The European Union is readying a fresh list of American products – ranging from aircraft to alcoholic beverages, coffee and medical devices – to hit with retaliatory tariffs if a trade deal isn’t reached by President Trump’s Aug.