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 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.

President Trump on Thursday threatened to impose tariffs on wines, Champagnes and other alcoholic products imported to the U.S. from France and other European countries in response to raised tariffs the European Union placed on American whiskey.