U.S. President Donald Trump has threatened to impose a 200% tariff on wine and champagne from European Union countries, after the EU levied 50% tariff on American-distilled whiskey. The U.S. is the top market for French alcohol, while France leads EU alcohol exports to the U.S.
This move is seen as the latest sign of escalating trade tensions between the U.S. and Europe, triggering global market turbulence and strong reactions from multiple parties.
The global economy is not a battleground for tariff wars or a casino for hegemonic and protectionist clashes. What the international community needs is rational negotiation within a rules-based trade order, not power-driven nations exchanging retaliatory measures.
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