Industry representatives warned that a 200 percent tax on European wines and spirits would halt shipments to the United States and wipe €4 billion off France’s trade balance.

Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.

America’s got Champagne problems. On Thursday, President Donald Trump threatened up to 200% tariffs on all alcoholic products from the European Union after the countries levied a 50% tax on