President Donald Trump is threatening a massive 200 percent tariff on champagne and wine from Europe in the latest escalation of a bitter trade war.

The president lashed out at the ‘nasty’ European Union after it announced tariff hikes on American imports in retaliation for Trump’s increases on steel and aluminum.

The tit-for-tat measures have raised the stakes in Trump’s ongoing trade war, sparking fears of a recession in the United States and a shock to the global economy.

In his latest salvo Trump threatened ‘a 200% Tariff on all wines, champagnes, & alcoholic products’ after the EU raised tariffs on American goods including whiskey. Many Republican states in the U.S. produce whiskey.

Writing on Truth Social, Trump said: ‘The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky.

‘If this Tariff is not removed immediately, the U.S. will shortly place a 200% Tariff on all wines, champagnes, & alcoholic products coming out of France and other E.U. represented countries. This will be great for the Wine and Champagne businesses in the U.S.’

Trump’s move would drastically raise the prices of European wine for Americans.

The president himself does not drink alcohol. 

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