Garamendi describes “barbarity” Trump’s threat to impose 200% tariffs on wine

The president of the CEOE, Antonio Garamendi, has described on Monday as “authentic barbarity” the threat of the president of the United States, Donald Trump, to impose a 200% tariff on all wines and alcoholic products of the European Union if Brussels does not withdraw the 50% tax announced on the American wiski. In his opinion, the tariffs with which the new American administration threatens are not good «Neither for Spain nor for Europe «, Since, in addition to first reverting on costs, they will lead to a contraction of the international market.

«Our main client countries are Germany and France, and everything that these tariffs affect Europe will reverse us very directly. First costs, but then the markets are going to get because everyone will try to sell more to Europe, Canada or Mexico, ”said the business leader. According to their data, Spain currently has 80,000 million euros in investments In US assets, which makes this country the first Spanish investment receiver, in addition to being a destination of 4.5% of our exports.

Garamendi explained that the current American policy is breaking with the “Multilateralism” and the “Atlastimo” which was consolidated after World War II. Even so, he has insisted that he is “a friendly country” and fundamental because he shares the values ​​with the rest of the western world.

The Basque businessman pointed out that all these ads are already having negative effects on the American economy, both for the increase in inflation and for the behavior of the bags, which are launching the message that “this is not the way.”