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

Willamette Valley Vineyards founder Jim Bernau said uncertainty caused by Trump’s tariffs is making consumers spend less and has destabilized the U.S. wine industry.

In a post to Truth Social, the social media company the president owns, Mr. Trump said the U.S. will retaliate against the European Union after it announced Wednesday that it would be increasing tariffs on U.