What does 200% tariff mean to consumers and whole liquor industry?

27/03/2025 3 min
What does 200% tariff mean to consumers and whole liquor industry?

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Episode Synopsis

Earlier this month, President Donald Trump announced a wave of new tariffs on imports of foreign alcohol products. He said If the European Union doesn't drop its planned 50% tariff on whiskey, the U.S. will retaliate with a 200% tariff on European wines, champagne, and other alcoholic products. Zhuoya Ma reports on what these tariffs could mean for consumers and the industry in New York City.