US President Donald Trump has threatened to increase tariffs on alcohol imported from the European Union (EU) to 200% in the latest escalation of the ongoing trade conflict. This move is in response to the EU’s plan to impose a 50% tax on US-produced whiskey as retaliation for Trump’s tariffs on all steel and aluminum imports to the US. The US president called for the immediate removal of the EU’s “nasty” tariff on US whiskey, referring to the EU as “hostile and abusive.” A European Commission spokesperson confirmed that discussions are being prepared between the US and the EU to address the issue. This trade dispute has rattled financial markets and has raised concerns regarding its impact on economies and consumers worldwide.

Source: https://www.bbc.com/news/articles/c984pnedd6do