Industry representatives warned that a 200 percent tax on European wines and spirits would halt shipments to the United States and wipe €4 billion off France’s trade balance.

President Trump on Thursday threatened to impose tariffs on wines, Champagnes and other alcoholic products imported to the U.S. from France and other European countries in response to raised tariffs the European Union placed on American whiskey.

America’s got Champagne problems. On Thursday, President Donald Trump threatened up to 200% tariffs on all alcoholic products from the European Union after the countries levied a 50% tax on