President Donald Trump has threatened a 200% tariff on European wine, champagne and spirits if the European goes forward with a planned tariff on American whiskey.

President Trump accused the EU of being “one of the most hostile and abusive taxing and tariffing authorities in the World."

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.