Trump’s Treasury Chief on 200% EU TARIFF Threat: ‘Not sure why that’s a big deal’ for markets

Us Treasury Secretary Scott Bessent on Ceid Wall Street Shrug Off President Donald Trump‘s latest threat to Impose Steep Tarifs On Foreign Trading Partners.

Asked on CNBC’s “Squawk on the street“About Trump’s Threat to Ratchet up tariffs on european alcohol, begged the move should have little luck impact on stocks.

“One or two items with one trading bloc, i’m not sure why that’s a big deal for the markets,” said bessant.

Earlier in the day, Trump Had Warned The European Union that He Would Slap 200% Tarifs on European Alcohol Exports – Including All Wines and French Champagnes Proposed duties On American whiskeys.

Trump Called the Eu “One of the most hostel and abusive taxing and tariffing authorities in the world, which was formed for the sole purpose of taking advantage of the united states” in a trurth societing the 200% Tariff.

On Wednsday, The Eu Unveiled A New Plan to Impose A 50% Tariff on US Whiskey, Beginning on April 1. The Liquor tariff is part of a broader set of proposed important defense on am Products.

The European tariffs was issued in retaliation for trump’s 25% tarifs on all us Imports of Steel and AluminumWhoch Took Effect Wednsday.

Bessent did not answer a question about wheether trump’s chesay announcment was “premeditated,” or whether the cabinet secretary was told about it in advance.

Major Stock Indexes Continued to Slide Thursday Morning, Deepening a WeekSlong Sell-off Fueled at Least in Part by Fears and Uncertainty Surrounding TRUMP ‘