{"id":172353,"date":"2025-04-05T18:56:44","date_gmt":"2025-04-05T18:56:44","guid":{"rendered":"https:\/\/peraltafinancing.com\/alcohol\/trump-unveils-plans-for-reciprocal-global-tariffs-drinks-international\/"},"modified":"2025-04-05T18:56:44","modified_gmt":"2025-04-05T18:56:44","slug":"trump-unveils-plans-for-reciprocal-global-tariffs-drinks-international","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=172353","title":{"rendered":"Trump unveils plans for reciprocal global tariffs &#8211; Drinks International"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p dir=\"ltr\"><span>The US will reportedly impose tariffs of 34% on China, hitting the EU with a 20% levy, Trump declared while detailing new restrictions on the country\u2019s trading partners.\u00a0<\/span><\/p>\n<p dir=\"ltr\"><span>The US will also impose a 10% universal tariff on all countries, including on the UK, with\u00a0<\/span>Vietnam, Taiwan, Japan and Cambodia among the countries that will face steep tariffs.<\/p>\n<p>In the televised address taking place at the White House Rose Garden on Wednesday 2 April, Trump said: \u201cFor decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike.\u201d\u00a0<\/p>\n<p dir=\"ltr\"><span>Speaking on the tariffs Trump continued: \u201cI call this \u2018kind reciprocal\u2019 not full reciprocal. If you want your tariff rate to be zero, then you build your product right here in America.\u201d<\/span><\/p>\n<p dir=\"ltr\"><span>In light of these announcements on international trade and the potential impact of new tariffs, William Wemyss, founder and director of Wemyss Family Spirits, said in an earlier statement: \u201cThe looming threat of fresh US tariffs brings a sense of d\u00e9j\u00e0 vu, a reminder of the damaging impact of the last trade dispute, which cost our industry \u00a3600 million in just 18 months.<\/span>\u00a0<\/p>\n<p dir=\"ltr\"><span>\u201cThe US is the industry\u2019s largest export market approaching \u00a31bn of sales and is becoming increasingly important for us as a small player. Tariff-free access gives us the confidence to invest, to grow, and to share our craft with whisky lovers across the Atlantic.<\/span><\/p>\n<p dir=\"ltr\"><span>\u201cWe urge both the UK and US governments to prioritise Scotch whisky in trade discussions and avoid allowing our sector to become collateral damage once again. Long-term investment and jobs depend on it. While we continue to diversify and build resilience, we remain committed to protecting the legacy, quality, and global reputation of Scotch whisky,\u201d Wemyss continued.<\/span><\/p>\n<p><\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The US will reportedly impose tariffs of 34% on China, hitting the EU with a 20% levy, Trump declared while detailing new restrictions on the country\u2019s trading partners.\u00a0 The US will also impose a 10% universal tariff on all countries, including on the UK, with\u00a0Vietnam, Taiwan, Japan and Cambodia among the countries that will face [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":172354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12029],"tags":[68978,68983,68989,68982,68986,68979,68987,5038,56138,5714,24346,68981,3006,10591,68984,68988,27016,5770,42848,68985,16168,11086,1175,68980,12884,4396],"dealstore":[],"offerexpiration":[],"class_list":["post-172353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alcohol","tag-68978","tag-20-levy","tag-20-levy-trump","tag-china-hitting","tag-countrys-trading-partners","tag-declared","tag-detailing-new-restrictions","tag-drinks","tag-eu","tag-global","tag-hitting","tag-impose-tariffs","tag-international","tag-levy","tag-levy-trump","tag-levy-trump-declared","tag-new","tag-plans","tag-reciprocal","tag-reportedly-impose-tariffs","tag-tariffs","tag-trading","tag-trump","tag-trump-declared","tag-unveils","tag-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump unveils plans for reciprocal global tariffs - Drinks International - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=172353\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump unveils plans for reciprocal global tariffs - Drinks International - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"The US will reportedly impose tariffs of 34% on China, hitting the EU with a 20% levy, Trump declared while detailing new restrictions on the country\u2019s trading partners.\u00a0 The US will also impose a 10% universal tariff on all countries, including on the UK, with\u00a0Vietnam, Taiwan, Japan and Cambodia among the countries that will face [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=172353\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-05T18:56:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/04\/11680.photo_.4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"570\" \/>\n\t<meta property=\"og:image:height\" content=\"474\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=172353#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=172353\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"Trump unveils plans for reciprocal global tariffs &#8211; 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