In a dramatic escalation of the trade war, President Trump has threatened a 200% tariff on European wines and spirits in retaliation for the EU's planned 50% tariff on American whiskey. Industry leaders warn that such a steep tariff could devastate the U.S. wine market and significantly raise prices for consumers. With European wines constituting 17% of the U.S. market in 2023, importers are halting stock purchases amid uncertainty. Experts fear this could trigger a similar retaliation affecting U.S. products, complicating the trade landscape even further. The EU's whiskey tariff is set to take effect on April 1.