By David Lawder, Philip Blenkinsop and Andy Sullivan WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe,

President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey. Wine sellers and importers said a tariff of that size would essentially shut down the European wine business in the U.S.

Trump, vowed a new escalation in his trade war if the EU goes forward with the planned 50% tax on American whiskey.