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BRIDGEWATER, N.J. (AP) — President Donald Trump has announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1. Trump detailed the planned tariffs Saturday in letters posted to his social media account. It’s a move that could cause massive upheaval between the U.S. and two of its biggest trade partners. European Union Commission President Ursula von der Leyen said the EU may adopt “proportionate countermeasures” if Trump moves ahead with the tariffs. Mexico’s government in a statement described the proposed move by Trump as “unfair treatment.” The letters are part of an announcement blitz by Trump of new tariffs with allies and foes alike, a bedrock of his 2024 campaign that he said would set the foundation for reviving a U.S. economy.… Continue Reading

WASHINGTON (AP) — American retailers say President Donald Trump’s threatened 200% tariff on European wine would harm consumers. Holly Seidewand owns First Fill Spirits in New York state and says a tariff war hurts importers, distributors and retailers but “consumers will bear the brunt of it.” Ronnie Sanders is CEO of Vine Street Imports in New Jersey and says customers aren’t prepared to pay two or three times more for their favorite wine. Trump on Thursday called the EU among “the most hostile and abusive taxing and tariffing authorities.” Because of the Republican president’s threat, a previously untariffed $15 bottle of Italian Prosecco could cost $45. The European Commission says Europe wants to “negotiate to avoid tariffs.”… Continue Reading

Trump announces 30% tariffs against EU, Mexico to begin Aug. 1, rattling major US trading partners

Trump threatens retaliatory 200% tariff on European wine after EU proposes American whiskey tax