President Trump has threatened a 200% tariff on European wine, Champagne, and spirits in response to the European Union's planned tariff on American whiskey, potentially crippling the U.S. market for European alcohol.

President Trump threatened to impose 200% tariffs on alcohol from the European Union, one day after the EU said it planned 50% import taxes on U.S. whiskey and other products from April 1, in retaliat

President Donald Trump is threatening a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.