'200% tariffs' threat

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

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The European tariff, unveiled in response to steel and aluminum tariffs by the US administration, was expected to go into effect on April 1, but Mr Trump, in a social media post, vowed a new escalation in his trade war if the EU pushes ahead with the planned 50% tariff on American whiskey.

"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," Trump wrote. "This will be great for the Wine and Champagne businesses in the U.S."