💨 Abstract

Donald Trump has threatened to impose a 200% tariff on European wines and champagnes, escalating a global trade war in response to EU counter tariffs on US goods. The EU Commission plans to impose tariffs on $28 billion worth of US goods from next month due to US tariffs on steel and aluminum. Trump's threat aims to protect American wine and champagne industries. Both sides remain open to negotiations.

Courtesy: metro.co.uk

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