President Donald Trump has promised a massive escalation of his global trade war on April 2, when far-reaching tariffs will be imposed on nations around the world

President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand.

President Trump on Thursday announced another salvo in a fast-escalating trade war with the European Union, saying he would impose a 200% tariff on U.S. imports of wine, Champagne and other alcoholic beverages from the 27-nation bloc.

Generic drugmakers and hospital pharmacists warn that added financial pressure from tariffs could strain the nation's generic drug supplies.

By David Lawder, Philip Blenkinsop and Andy Sullivan WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe,

The US-EU trade dispute has intensified, with US President Donald Trump threatening to impose a 200% tariff on European wine, cognac, and other alcohol imports. This move comes in response to the European Union’s (EU) plan to raise tariffs on American whiskey and other products next month—a retaliatory measure against the US 25% tariffs on steel

President Donald Trump's increased tariffs on all U.S. steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade norms in favor of the U.S. that drew swift retaliation from Europe.

And it has all failed.” The company has a contract for the logging site at Danger Bay on Afognak Island, just north of Kodiak. The site is owned by the Afognak Native Corporation, which could not be reached for comment.