U.S. President Donald Trump isn't backing down on his trade war, proposing a 200% tariff on European wines. The move comes in response to an EU tax on American bourbon. Trump says he won't bend on imposing his sweeping tariffs on April 2.
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00:00U.S. President Donald Trump is doubling down on his tariff threats, proposing a 200% tariff
00:06on European wines.
00:08That's in addition to tariffs of 10 to 25% on goods from neighbors Mexico and Canada
00:14to take effect next month.
00:17We don't need their lumber.
00:18We don't need their energy.
00:20We have more than they do.
00:21We don't need anything.
00:22We don't need their cars.
00:23I'd much rather make the cars here.
00:26And there's not a thing that we need.
00:28Now there'll be a little disruption, but it won't be very long.
00:33But they need us.
00:34We really don't need them.
00:35And we have to do this.
00:36I'm sorry.
00:37We have to do this.
00:38Yes.
00:39The tariff threat comes in response to a European Union tax on American bourbon.
00:44Trump's sweeping import taxes have triggered retaliation around the world, sparking fears
00:48of a global trade war.