President Trump said he would impose a 200% tariff on U.S. imports of wine, champagnes and other alcoholic beverages from the bloc.

Until a week or two ago, President Donald Trump’s conflicting statements left open a strong possibility that the leader of the free world was threatening sweeping tariffs as a cudgel to extract better terms from exporters,

President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand.