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Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.
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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.
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Ontario Premier Doug Ford and federal officials left an hours-long meeting with U.S. Commerce Secretary Howard Lutnick saying they feel more positive about the Canada-U.S. trading relationship after weeks of bad blood and heated rhetoric.
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Trump said he would not change his mind about imposing "reciprocal tariffs" on other countries that have their own tariffs on U.S. goods.
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European wines, champagne and other beverages could face heavy tariffs if Trump follows through with this threat.
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