Trump's Treasury chief on 200% EU tariff threat: 'Not sure why that's a big deal' for markets

U.S. Treasury Secretary Scott Bessent downplayed President Donald Trump’s threat to impose steep tariffs on European alcohol, stating that it should not have a significant impact on the stock market. Trump had warned the European Union of 200% tariffs on alcohol exports unless they dropped proposed duties on American whiskeys, calling the EU a hostile and abusive taxing authority. Bessent expressed minimal concern over the potential impact of this trade dispute on the markets, emphasizing that it involved only a few items with one trading bloc.

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