Trump Threatens 200% Tariff on European Alcohol in Escalating Trade Dispute

The proposed tariffs target wine, champagne, and spirits in retaliation against EU measures on U.S. goods.

President Trump announced plans for a 200% tariff on European alcoholic beverages, including wine, champagne, and spirits, via his Truth Social account.
The move comes in response to the European Union's new tariffs on $28 billion worth of U.S. goods, including a 50% tariff on American whiskey.
Industry experts warn the tariffs could dramatically increase costs for U.S. consumers, with some products potentially tripling in price.
French officials, including Finance Minister Eric Lombard, criticized the tariffs as harmful and vowed to defend European interests while seeking dialogue with U.S. counterparts.
The escalating trade tensions have caused market volatility, with U.S. businesses and consumers bracing for economic fallout.