This morning, President Trump took to Truth Social to make a recommendation regarding tariffs levied on the European Union. This would mark a significant increase from proposed tariffs, which include a 10% baseline tariff with 20% reciprocal tariffs, that were set on April 10th but later delayed for all tariffs (except China) until July 9th. President Trump also proposed a 200% tariff on alcohol products, including wine and champagne. President Trump stated that the European Union was formed “for the primary purpose of taking advantage of the United States on TRADE” and “has been very difficult to deal with.” The post states: The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult…
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