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Fortune
Fortune
Prarthana Prakash

Trump threatens 200% tariff on European wine and champagne a day after Europe slapped levies on American whiskey

U.S. President Donald Trump (Credit: Shizuo Kambayashi/Pool via Bloomberg)

President Donald Trump vowed to impose a steep 200% tariff on French Champagne, wine and other European spirits in a tit-for-tat measure after Europe announced its own levies on Tuesday.

“The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky,” Trump said in a post on Truth Social on Wednesday. 

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