Industry representatives warned that a 200 percent tax on European wines and spirits would halt shipments to the United States and wipe €4 billion off France’s trade balance.

America’s got Champagne problems. On Thursday, President Donald Trump threatened up to 200% tariffs on all alcoholic products from the European Union after the countries levied a 50% tax on

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