President Trump’s threat to impose 200 percent fees on European wines could harm importers, distributors, retailers and restaurants without necessarily helping U.S. producers.

President Donald Trump has threatened a 200% tariff on European wine and spirits. This was in response to the EU's announcement to impose 50% tariffs on American whiskey, putting pressure on wine retailers across the nation.

U.S. importers, distributors and retailers selling French champagne and Italian wines told Reuters that U.S. President Donald Trump's threatened 200% tariff on European alcoholic drinks would hit them hard.