A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.

Reaction has been pouring in to the newly struck EU-US trade deal, with the EU facing growing criticism over a compromise many see as a strategic misstep under pressure from Washington.

WASHINGTON (AP) — President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.

WASHINGTON — President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.

President Donald Trump, in a Thursday social media post, vowed a new escalation in his trade war if the EU goes forward with the planned 50% tariff on American whiskey.

The United States and China appear to be moving toward extending a 90-day trade truce between the two countries, but President Trump must sign off.

U.S. President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump's self-imposed Aug.

The preliminary deal imposes 15 percent tariffs on most E.U. goods, averts a trade war and leaves many details unresolved, including on wine and spirits. Here are industries on the line.