The European Union has dropped a planned 50% retaliatory tariff on American whiskey as it’s proposing 25% tariffs on a selection of US goods in retaliation for President Donald Trump’s decision last month to put levies on aluminum and steel imports.
Several member states had pushed for whiskey to be excluded in an effort to spare European wine and champagne producers from facing 200% tariffs threatened by Trump as retaliation.
The European Commission, the bloc’s executive arm, shared a document, seen by Bloomberg, listing dozens of product categories it plans to target, but bourbon wasn’t included.
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