Italy, France and Spain are among the top five exporters of wine to the United States. Trump made his threat to Europe’s alcohol industry after the European Union announced a 50% tax on American whiskey expected to take effect on April 1. That duty was unveiled in response to the Trump administration’s tariffs on foreign steel and aluminum.

Across wine country in France, Italy and Spain one number is top of mind: 200%. That's because last week U.S. President Donald Trump threatened a tariff of that amount on European wine, Champagne and other spirits if the European Union went ahead with retaliatory tariffs on some U.

US booze importers are canceling shipments from Europe — and bracing for potentially devastating losses — as President Trump threatens tariffs as high as 200% that could go into effect next month. The US Wine Trade Alliance,