Trump threatens huge tariffs on EU spirits

US President Donald Trump on Thursday threatened to impose 200 per cent tariffs on wine, champagne and other alcoholic beverages from European Union countries, in retaliation against the bloc’s planned levies on US-produced whiskey. Trump has launched trade wars against competitors and partners alike since taking office, wielding tariffs as a tool to pressure countries on commerce and other policy issues. His latest salvo was a response to the European Union’s unveiling of tariffs on $28 billion in US goods, starting in stages from April. The EU measures — including a sharp tariff hike on American whiskey — were in turn retaliation against Trump’s levies on steel and aluminum imports that took effect Wednesday.