It is likely that the EU is dropping bourbon taxes because US barrels are very important to wineries and distilleries in the EU.
Also, many wine regions in the USA are in liberal states, so this could be the EU trying to target their tarrifs.
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It is likely that the EU is dropping bourbon taxes because US barrels are very important to wineries and distilleries in the EU.
Also, many wine regions in the USA are in liberal states, so this could be the EU trying to target their tarrifs.
This is a nonsense. The drinks industry don't want bourbon tariffs in the hope that will mean there won't be tarrifs on EU booze. But there are blanket tarriffs on all EU products, so relenting on Bourbon specifically will do nothing but benefit the US drinks industry.
Robert Habeck is right - the EU is in a position of strength standing together and should target any response to most hurt the US President.
The US will have blanket tarrifs which are essentially a tax on Americans. The EU can't directly affect those but it also should not have blanket tarrifs on US goods as that will just damage the EU economy further. Instead it should have targeted tarrifs and other measures designed to hit the US (particularly republican states - thats why bourbon was picked in the first place), and meanwhile work with other tariff hit countries to lower the cost of business in their directions.
One way to look at it, is if its now 20% more expensive to sell resources and goods to the US, its actually 20% relatively cheaper to do business with the rest of the world. So thats where growth is going to come from. Tarrif US stuff that strategically benefits Europe (cars for example), don't tariff other US stuff so the EU benefits and look to the rest of the world for growth and opportunities.
In some ways the US is handing the EU a golden opportunity to take over much of the US economic influence and power around the world.