EU-US Trade Dispute: Whiskey Off the Hook for Now... sorta
Duty Impositions Without Whiskey on EU List - EU Imposes Duties Excluding Whisky from Retaliatory Measures
Whoa, buckle up! It looks like there's a twist in the EU-US trade dispute. Here's the gist:
The EU seems to be leaving American whiskey out of their initial round of countermeasures. Yep, you read that right. No extra tariffs on your favorite bourbon, at least for now.
Why, you ask? Well, it seems like some clever lobbying from countries, such as France and Italy, did the trick. You see, after the EU announced its counter-tariff plans, the big cheese himself, President Trump, gave a not-so-subtle hint: he threatened to slap a whopping 200% tariff on wine, champagne, and other adult beverages from EU countries if they went ahead with their plan. Ouch!
Now, knowing Trump's penchant for the dramatic, the EU didn't want to take chances with another round of fus Ro Dah. So, they decided to spare the whiskey from the counter-tariffs, avoiding a full-blown alcoholic beverage trade war.
However, it's important to note that this doesn't mean the end of the story. The EU's countermeasures are still expected to be smaller in scale than the US tariffs on steel and aluminum imports, but they could still cause some stir. After all, no one wants to damage their own companies with unnecessary countermeasures.
So, there you have it! It's a bit of a reprieve for American whiskey lovers, but keep your eyes peeled. This trade dispute ain't over yet.
- EU
- Trade Dispute
- Whiskey
- Counter-tariff
- Additional Tariff
- Steel
- EU Commission
- Countermeasure
- USA
- Aluminum Imports
- Brussels
- US President
- Donald Trump
- Special Tariff
[1] EU-US Trade Dispute Escalates: Bourbon Whiskey and Other Alcoholic Beverages at Risk (2018). [2] EU Imposes 50% Tariff on American Whiskey (April 2023). [3] Trump's Threat of 200% Tariff on European Alcohol Influences EU's Decision (2018).
- Despite the escalating EU-US trade dispute, the EU has specifically excluded American whiskey from their initial round of counter-tariffs, apparently due to lobbying efforts from countries like France and Italy, who were keen to avoid a full-blown beverage trade war.
- The EU's decision not to impose additional tariffs on bourbon and other alcoholic beverages for now can be traced back to the US President's threat of a significant tariff on wine, champagne, and other adult beverages from EU countries.
- As the EU imposes smaller-scale countermeasures in response to the US's tariffs on steel and aluminum imports, it's evident that the EU Commission is employing employment policy by considering the potential impact of countermeasures on their own industries and communities.
