President Donald Trump threatened Thursday to impose a 200% tariff on alcoholic beverages imported from the European Union in a tit-for-tat move in response to the EU’s retaliatory tariffs on American whiskey.

WASHINGTON, March 13 (Reuters) - U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on all wines and other alcoholic products coming out of Europe if the European Union does not scrap its planned tax on American whiskey.

President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand.