Last week, Donald Trump placed 25 per cent tariffs on all steel and aluminium imports, with the EU promising to retaliate with tariffs on up to €26bn of US products.

In his first term, Trump also targeted the alcohol industry. A series of tit-for-tat tariffs hit alcohol products in the U.S. and the EU. The Biden administration suspended those tariffs, but now the industry is once again in the crosshairs. The industry has still been recovering from that first tariff spat.

Trump said he would impose the tariff if the European Union continues with its plan to impose a 50% tariff on whiskey beginning in April.

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.

The owner of one of France's top Bordeaux wine chateaux hopes U.S. President Donald Trump's threat of 200% tariffs on European wine is just posturing because the impact would be devastating if not. Trump on Thursday threatened to slap a 200% tariff on European wines and other alcoholic products unless the European Union scraps its planned tax on American whiskey.

President Donald Trump has threatened to place a 200% tariff on all alcohol from the European Union. Chloe Kim

President Donald Trump threatened Thursday to impose a 200% tariff on alcoholic beverages imported from the European Union in a tit-for-tat move in response to the EU’s retaliatory tariffs on American whiskey.

European wine producers on Friday (March 14) expressed their concern after U.S. President Donald Trump threatened to slap a 200% tariff on wine and other alcohol from the European Union in response to the bloc's levies on U.