More price hikes possible: Trump just threatened to impose 200% tariffs on alcohol from the European Union in response to the region's retaliatory 50% tariff on U.S. whiskey.
Comments
Log in with your Bluesky account to leave a comment
Well, I was thinking that a meteor hitting the earth was necessary to reset capitalism back to reasonable amounts (capitalism is like a pyramid scheme and requires companies to grow indefinitely, which is unsustainable). I guess Trump is that meteor…
As I posted somewhere else, this doesn't affect me at all. California and Wisconsin wines. Wisconsin beer. California brandy. I'm happy. European wines are already expensive. This is only going to hurt rich people. Except Guinness drinkers. That'll hurt.
How is a 200% tariff on EU alcohol going to improve the lives of average Americans? Trump has lost sight of why he was elected. As he’s destroying the economy, he’s destroying the hopes and dreams of decent Americans.
Trump campaigned on lowering prices. That’s now disappeared into a trade war, possible recession & massive job losses. They never had a game plan. Which is going to a financial disaster.
Oh America is doing so GRRREAT now that we have Trump back in charge of the world again. Gotta wonder how MAGA feel about sending off their offspring to fight our allies. 🤨🔵
I've always had the image of trump as Rumpelstiltskin--and he's stomping his foot so hard right now he's about to split in half. Too bad (tongue in cheek). Guessing he has taken no ownership that he's the cause (and his boss Elon) of all this mess.
When Kentucky loses billions per year in alcohol exports and the prices collapse due to oversupply, they can thank Mitch McConnell for making it all possible.
Meanwhile, Trump’s retaliatory tariff on euro wines will only boost California wine sales. Must be a tough one, as I think he hates California more than he hates the EU.
Unfortunately the vintners of CA love him so this is likely a whole deal that’s been in the works for a while. I know that’s super cynical and conspiratorial-minded, buuuut I just wouldn’t be shocked.
That's the traditional reason for tariffs, to protect a specific local industry by artificially propping up the price. Global tariffs on everything won't work that way, even ignoring retaliatory trade suppression
He may have some clue but he does not care or actually enjoys it when non wealthy people suffer. Anyone that does not profit him in some way is worthless sh*t to him.
Comments
“Yam tits”
~ Sun Tzu
THAT is Trump in a nutshell. WHAT is his PROBLEM?
And WHY ARE WE PUTTING UP WITH THIS?
HE NEEDS TO GO!
Fire Musk! Impeach Trump! Stop the madness!
We deserve better!
😞
Most of us grew out of this 5 year-old phase ...
good.
HIM
I earnestly think nothing! 😏
Its not nasty, EU has never been created to bully the US - or anyone else.
Trump is lying as always.