The U.S. is suddenly looking less bubbly for European wines. President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey.

President Donald Trump has threatened a 200% tariff on European wine and spirits. This was in response to the EU's announcement to impose 50% tariffs on American whiskey, putting pressure on wine retailers across the nation.

The owner of one of France's top Bordeaux wine chateaux hopes U.S. President Donald Trump's threat of 200% tariffs on European wine is just posturing because the impact would be devastating if not.