President Donald Trump threatened Thursday to impose 200% tariffs on alcohol coming from the European Union in response to the region's retaliatory 50% tariffs on U.S. whiskey. Though it remains unclear if the duties will ultimately go into effect, here are some of the companies that could be most affected.
The U.S. remains the world's largest importer of both wine and champagne, with the former comprising $4.9 billion in annual sales and the latter more than $1.7 billion. Meanwhile, U.S. exports of wine rank fifth among all nations at about $1 billion, while its exports of champagne and sparkling wine total just about $67 million, 12th in the world.
