U.S. Businesses Warn Trump’s 200% Tariff on European Alcohol Could Hit Hard

U.S. importers, distributors, and retailers of French champagne and Italian wines have raised concerns over President Donald Trump’s proposed 200% tariff on European alcoholic beverages. Industry insiders told Reuters that the move would severely impact businesses, leading to higher prices for consumers, reduced sales, and financial strain on importers.

The threatened tariff is part of Trump’s broader trade dispute with the European Union, with critics warning it could disrupt the high-end beverage market and strain transatlantic economic ties.