U.S. exporters face renewed tariff threats as former President Donald Trump proposes a 200% levy on EU wine and liquor, according to CNBC. Data from Trade Partnership Worldwide shows U.S. exports at risk of EU tariffs could surge from $6 billion under Trump’s first-term policies to over $27 billion.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. exporters face renewed tariff threats as President Donald Trump
00:05poses a 200% levy on EU wine and liquor, according to CNBC.
00:09Data from Trade Partnership Worldwide shows U.S. exports at risk of EU tariffs
00:13could surge from $6 billion under Trump's first-term policies to over $27 billion.
00:18Tennessee whiskey, California almonds, and Michigan rearview mirrors are among
00:22the most vulnerable products with the EU serving as a large market.
00:26Retaliatory tariffs could significantly impact states relying on European trade,
00:30including New York, North Dakota, and Texas.
00:33Analysts warn these measures could disrupt supply chains,
00:36dampen demand, and strain U.S.-EU trade relations.
00:40For all things money, visit Benzinga.com.