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File: hggcbjjb.jpg (235 KB, 1280x847)
235 KB JPG
https://www.bbc.com/news/articles/cvgj61j6l08o
>>
.President Trump announced sweeping new US tariffs on many imports this week, with a baseline set at 10% but with some countries – including major wine-producing nations – facing higher rates.

There will be a 20% levy on goods from the European Union (EU) and 30% on imports from South Africa under president Trump’s reciprocal tariff plan, for example.

Wine wasn’t specifically mentioned in the announcement, but EU trade bodies said they understood wine would be hit alongside other products.

‘Targeting EU wine will only make losers on both sides of the Atlantic,’ said Marzia Varvaglione, newly elected president of wine trade body the Comité Européen des Enterprises Vins (CEEV).

Varvaglione warned of the prospect of ‘layoffs, deferred investments and price increases’.

The US is the largest export market for EU wines, with shipments worth €4.88bn in 2024 – 28% of the EU’s total wine export value.

France’s wine and spirits export federation, FEVS, said applying the new tariff to wine penalises businesses and ‘above all, American consumers’.
>>
The US has imposed new tariffs on 60 trading partners in the latest escalation in the trade war reignited by US President Donald Trump when he returned to office last year.

Those targeted, including the UK, China and the European Union, will face a tariff of 10% to 12.5% on all goods, accounting for almost all American imports.

The tariffs, which replace an identical levy which expires on Friday, are based on claims key economic partners have failed to properly tackle forced labour.

But US trade expert Caroline Freund said the move is "not about forced labour" but that Trump is simply "looking for a legal reason to put the tariffs in".

The US Supreme Court had ruled earlier this year that many of the tariffs imposed globally under emergency powers were illegally enacted.
>>
The new duties apply to the top 60 US trade partners covering 99.4% of US imports, the Office of the US Trade Representative said.

The new tariffs were a "like for like" swap with the regime that expired on Friday, Freund, Dean of the UC San Diego School of Global Policy and Strategy, told the BBC's Today programme.

What tariffs has Trump introduced and why?
Asked about the forced labour justification, she said: "I think they were looking for a legal reason to put the tariffs in and that they can maintain them because their goals and Greer has been very clear about this, as has Trump, is about the trade deficit and it is about US manufacturing, it is not about forced labour."
>>
The levies are likely to raise costs for businesses and consumers, although its impact could be softened due to the number of exempted goods, said the Asia Society Policy Institute's economic security expert Wendy Cutler.

She added most trading partners would be disappointed with the new levies and were likely to focus on ways to "reduce their dependence on the US" by making deals with other countries.

The head of the British Chambers of Commerce (BCC) said the UK had lost its comparative advantage against the European Union as a result of the new tariffs.

William Bain told the BBC the EU has a 10% all-inclusive deal for tariffs on its goods, while the UK is facing 10% universal tariffs on top of any duties imposed on individual goods.

"So there will be some concerns in the business community this morning about what the UK needs to do to get the same treatment the European Union has got here," Bain added.
>>
David Henig, director of UK trade policy at the European Centre for International Political Economy, also noted the UK's relative disadvantage compared with the EU.

He told Today: "We have slightly moved backwards, but this is President Trump so anything could change tomorrow or the day after.

"I don't think too many businesses will be changing their plans based on that."

The UK government said firms were facing no changes to the tariff rate they are facing.

"We take forced labour very seriously to ensure that in global supply chains UK businesses are not complicit," a government spokesperson said.

And UK whisky will not be affected by the new tariffs, after Trump struck a deal to exempt the tipple during King Charles and Queen Camilla's state visit to the US.

Other countries have criticised the announcement, with Brazil's government calling the new 12.5% rate it is facing "unjustified".

The Japanese government on Friday said it regretted the new tariffs, while Australian Trade Minister Don Farrell said the levies were "completely unjustified".

China has previously said it opposed any form of unilateral tariff, and denied allegations of forced labour.
>>
There is no so-called forced labour in China, and we oppose using this as an excuse for political manipulation," Chinese foreign ministry spokesperson Mao Ning said.

But several international human rights groups have said forced labour does exist in China, particularly among Muslim ethnic minorities in Xinjiang.

Trump imposed tariffs of up to 50% on global trading partners on what he called "Liberation Day", aiming to address what he saw as unfair treatment of the US.

In February, the US Supreme Court struck down those tariffs and said the president had exceeded his authority, prompting tens of billions of dollars in refunds.

But the White House has since looked at alternative ways to impose import duties, including a sweeping 10% levy as part of a temporary solution that expired on Friday.

Washington has also imposed other tariffs on countries such as Brazil and Canada.

The US and China have also been embroiled in a tit-for-tat tariffs war, which is currently on hold.

Trump has used tariffs to press countries, such as Mexico, on non-trade issues.

The administration could be set to impose further tariffs as it is currently investigating 16 countries - accounting for the vast majority of US imports - over claims of manufacturing overcapacity.

Fin
>>
>>1525303
American consumers weren't being punished enough.
>>
>>1525315
dumbocrat ligger cuck don't know Trump is bleeding these countries dry with TARIFFS they pay billions to sell to proud americans

MAGA
>>
>>1525326
>with TARIFFS they pay billions to sell to proud americans
The US just refunded about $80 billion in tariff revenue to companies because they were the ones that originally paid for it, and they passed on that extra cost to consumers. The whole other countrie spay for it line was bullshit a year before the court declared it to be.
>>
So trump fucks up with both his war against the world and Iran specifically, who just told him to fuck off when he was begging for another cease fire.
Why is anyone even bothering to listen to him?
>>
>>1525309
> Fin

Masterpiece!
>>
>>1525329
Because we are true patriots yes DJT will get a third term ligger tears cant wait
>>
>>1525329
No, Trump’s done begging for ceasefires and is back onto poorly planned blitzkriegs…
>>
>>1525328
$80 billion of our money. We paid for the tariffs twice.
>>
>>1525337
Actually trump just begged for another cease fire yesterday to which the Iranian told him to fuck off.
https://www.palestinechronicle.com/no-hormuz-no-ceasefire-iran-rejects-trumps-proposal-nyt/
>>
>>1525407
This guy has no idea how to handle people just telling him to fuck off. Begging doesn't work, bombing doesn't work, he's unable to negotiate or make a deal, he's just fucked. As amusing as this is, though, it's not good for us. He's too weak to ever admit defeat, so he'll have to escalate. Ground invasion, war crimes, nukes, nothing good.
Hell, these tariffs could be part of that. Decrepit fuck's gotta do something to make himself feel big.
>>
>>1525412
There in lies the problem, he's used to getting his way by cheating the system or bullying people. Which does not work on Iran.
And as you said, his only options to escalate, would be election suicide, assuming he doesn't stage another coup d'état to negate that, which it's looking like he will.
>>
>>1525407
I'm so glad liggeral piggies side with Iran.
It's not a bad look at all.
>>
>>1525422
>ESL shill making things up again
Classic.
>>
>>1525423
idk you seem very excited for Iran here.
You do know TDS is now a recognized mental illnes, right?
Might want to seek meds for your fag-brained mental illness.
>>
>>1525423
I think in whatever their native language is, you have to be one thing or the other.
So they literally can't understand that you're unhappy with Trump getting Americans killed for nothing, they think you're rooting for Iran.
I don't think you'll get a serious answer from them unless they get quality English lessons, which means you'll never get a serious answer from them.
>>
>>1525429
Yes, of course you're not emboldening Iran to hold out till the midterms to get Trump.
Democrats will burn everything to gain power and you make me puke.
>>
>>1525433
god you're esl
>>
>>1525427
Yeah, by Trump and his minions. Fuck ‘em.

>>1525433
Projection.
>>
>>1525435
They have a point, Trump has won the Iran war like 30 times this year
If I was a retarded ESL moron, I'd think that meant Trump was doing great too
>>
>>1525436
>Projection.
No, you're literally telling Iran to hold the line until midterms.
You're trash.
>>
>>1525439
trump won the war day one, didn't he esl shill. not sure why you're pissing your pants and crying right now
>>
>>1525439
We’re literally not. And I meant the “will burn everything to gain power” line, excuse me.
>>
>>1525441
Oh OK.
>We had the JCPOA!!!
Has been a common cry. JCPOA was cancelled and Iran has been acting a fool and trying to extort the US into a new agreement.
Saying you want to reinstate the JCPOA is a green light to wait until the midterms.
You are emboldening Iran.
You will burn everything to gain power. There's no low Democrats won't sink to for power.
>>
>>1525440
Its because they're doing what they accused you of doing
Iran's winning the war
This fact is somehow just as painful as Ukraine winning the war against Russia is to esl shills for some reason
>>
>>1525443
being more retarded won't reverse the retardation you're defending
>>
>>1525443
>o-o-opposing Israels war with Iran is unamerican!
>y-you have to support Trump bending over for Israel and the Saudis!
lmao
>>
>>1525443
>We had the JCPOA!!!
That’s not the same as saying we want to reinstate the JCPOA. That’s impossible at this point. We bring that up to point out that we already had a treaty preventing Iran from getting nukes, Trump tore it up, then started a war to, supposedly, prevent Iran from getting nukes. It’s pointing out that he’s a stupid, hypocritical fuckwit.
>You will burn everything to gain power. There's no low Democrats won't sink to for power.
Lows like starting a needless war.
Projection.
>>
>>1525427
>TDS
It's funny how this this term was coined by pedophiles, to defend the pedophile trump.
Should we call you ESL pedo now?
>>
new tariffs in the middle of a looming energy crisis but they will still 100% for sure blame the inflation on obama



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