After President Donald Trump implemented broad tariffs on steel and aluminum imports on Wednesday, he is apparently now eyeing major tariffs on alcohol.
In a post on Truth Social on Thursday, President Trump said he would enact a 200% tariff on all alcoholic products coming from the European Union, claiming the tariffs would be "great for the wine and champagne business in the U.S."
After the U.S. imposed a tariff on global aluminum and steel imports, the European Union retaliated by enacting a 50% tariff on whiskey from the U.S. The tariff is set to take effect on March 31.