U.S. President Donald Trump said on Thursday that he would put a 200% wine tariff on all wines and other alcoholic products coming out of the European Union if the bloc did not remove its tariff on whiskey.
The European Commission said on Wednesday that it will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminum.
The EU executive said, however, that it remained open to negotiations and considered higher tariffs in no one’s interest.
Trump raised the ante in a social media post on Thursday.