President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey. Wine sellers and importers said a tariff of that size would essentially shut down the European wine business in the U.S.

President Trump took to Truth Social to threaten massive 200% tariffs on “all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES.” Trump has spent the last few months teasing,

Trump slammed the European Union as “one of the most hostile and abusive taxing and tariffing authorities in the World.”