Trump threatens Europe with 200 percent tariff on wine, Champagne

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

he added

Reimposing these debilitating tariffs at a time when the spirits industry continues to face a slowdown in US marketplace will further curtail growth and negatively impact distillers and farmers in states across the country,

said Distilled Spirits Council head Chris Swonger in a statement on Wednesday

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,

he posted on his Truth Social platform

Bessent's comments are basically telling you... there is a plan and it's not as haphazard as it seems. But the market doesn't know what the exact policy is going to be,

said Thomas Hayes, chairman at Great Hill Capital LLC