US President Donald Trump threatens to impose a staggering 200 percent tariff on wine, champagne, and other alcoholic beverages from the European Union, escalating trade tensions in response to the bloc's planned levies on American whiskey.

In his first term, Trump also targeted the alcohol industry. A series of tit-for-tat tariffs hit alcohol products in the U.S. and the EU. The Biden administration suspended those tariffs, but now the industry is once again in the crosshairs. The industry has still been recovering from that first tariff spat.