President Donald Trump recently threatened a 200% tariff on all European alcohol if the European Union (EU) implements an American whiskey tariff. The EU has planned this alcohol tariff in response to the steel and aluminum tariffs announced by Trump.

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.

President Donald Trump threatened Thursday to impose a 200% tariff on alcoholic beverages imported from the European Union after the EU’s executive body unveiled retaliatory tariffs. The European Commission said Wednesday that it would impose import taxes on $28 billion worth of U.

The European Union is delaying until mid-April its retaliatory trade action over the Trump administration's increase in tariffs on all steel and aluminum imports to 25%, senior officials said Thursday.

EU countermeasures to U.S. tariffs announced on March 12, are likely to take effect in mid-April, European Trade Commissioner Maros Sefcovic said on Thursday. "In the light of the recent announcement that the U.