President Trump threatens to impose 200% tax on EU alcohol

Thanh Hà |

President Donald Trump threatened to impose a 200% tax on alcohol and ginseng from the European Union (EU).

US President Donald Trump threatened to escalate a trade war with the European Union after the bloc announced a 50% tariff on US ruou vang and some other items, effective from April 1. The EU's tariffs aim to meet a series of US tariffs on aluminum and steel effective on March 12.

If this tax rate is not lifted immediately, the US will soon impose a 200% tax on all wine, ginseng and alcoholic products originating from France and other countries represented by the EU, Donald Trump warned on March 13.

The comments came a day after EU leaders said they would respond to the 25% tariffs the US has imposed on aluminum, steel and related products.

The bloc of 27 countries plans to react in two rounds: First, impose a tax of up to 50% on US goods, including Harley- Davidson motorbikes and bourbon Kentucky, effective from 1.4; and second, a series of measures applied from mid-April targeting important agricultural products and industrial goods in important election areas dominated by the Republican Party in the US.

European leaders also clarified that they do not want to impose tariffs and want to negotiate with President Donald Trump.

This is not the first time the alcohol and beverage industry has been caught up in a trade war. Lighter tariffs have been imposed on alcohol and other alcoholic beverages during Trump's first term.

Thanh Hà
TIN LIÊN QUAN

Canada pays US aluminum and steel taxes

|

Canada responds to US President Donald Trump's global steel and aluminum tax rate of 25% with the corresponding tax rate targeting US goods worth 29.8 billion Canadian dollars.

EU immediately responds to US tariffs on aluminum and steel

|

The European Union (EU) announced retaliatory trade action on March 12, when the US began imposing a 25% tariff on steel and aluminum imports into the country.

Mr. Trump withdraws additional 25% of tariffs on Canadian aluminum and steel

|

US President Donald Trump withdraws decision to impose an additional 25% tax on Canadian aluminum and steel.

There is a schedule for car driving test in Hanoi

|

Hanoi - There are expected to be 5 rounds of testing and granting car driving licenses from now until the end of June 2025.

Chairman of Da Nang City People's Committee retires early

|

The People's Council of Da Nang City has just presented flowers and recognized the contributions of 2 leaders who applied for early retirement.

Setting up checkpoints and installing cameras to prevent all passengers from entering Hanoi railway cafes

|

Hanoi - Despite setting up checkpoints and installing cameras, the authorities still could not stop all tourists at the railway coffee street in Hanoi.

Vingroup shares lead stocks to their highest peak since the beginning of the year

|

The Vietnamese stock market made a spectacular comeback in the first trading session of the week with the main driver coming from large-cap stocks.

Dakwaco unexpectedly returns many water supply works that were forgotten during equitization

|

Dak Lak - Dakwaco suddenly proposed to return many water supply works that were once operated and exploited but were neglected when equitized, not included in State assets.

Canada pays US aluminum and steel taxes

Thanh Hà |

Canada responds to US President Donald Trump's global steel and aluminum tax rate of 25% with the corresponding tax rate targeting US goods worth 29.8 billion Canadian dollars.

EU immediately responds to US tariffs on aluminum and steel

Thanh Hà |

The European Union (EU) announced retaliatory trade action on March 12, when the US began imposing a 25% tariff on steel and aluminum imports into the country.

Mr. Trump withdraws additional 25% of tariffs on Canadian aluminum and steel

Thanh Hà |

US President Donald Trump withdraws decision to impose an additional 25% tax on Canadian aluminum and steel.