The president said he would impose steep tariffs on wine, champagne, and other alcoholic beverages unless a tariff on American spirits is reversed. President Donald Trump threatened on Thursday to impose a 200% tariff on European alcoholic beverages in response to the EU’s retaliation on his aluminum and steel tariffs.

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.