Consequences loom for trying to resist President Donald Trump’s bid to rebalance the Untied States’ economic relationship with the rest of the world to a more rational footing, he signalled on Thursday, threatening a mega 200 per cent tariff on European alcohol.
Moves to reverse decades of deindustrialisation and a shift to a European-style import economy for the United States has angered the European Union, which has long imposed tariffs and non-tariff barriers on American products while exporting a great deal westward. The EU had responded to President Trump’s 25 per cent steel tariffs this week with targeted tariffs on American products made in Republican-voting states in an attempt at punishment diplomacy.
In the crosshairs of the European Union were Harley-Davidson motorcycles, meat produced in
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