The U.S. is suddenly looking less bubbly for European wines. President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey.

President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey. Wine sellers and importers said a tariff of that size would essentially shut down the European wine business in the U.S.

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.

Consumers around the world are looking for ways to boycott American products in response to Donald Trump’s trade war - and they are using apps to help them do it. Politicians in badly affected countries are encouraging citizens to buy local after the US president imposed tariffs on a range of goods.

President Trump's tariffs that targeted Canada, Mexico and China before being expanded to all steel and aluminum imports have not only triggered trade wars, they're also leading to a "Boycott USA" global consumer backlash against U.

Prices for European wine and alcohol could go up in response to the European Union's plan to tax American whiskey. It's the latest escalation in the tariff fight between President Trump and global leaders.