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.
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