Donald Trump’s decision to impose US tariffs has had a far-reaching effect as the EU claims it will reinstate its own tariffs to counteract the American president’s ruling

President Trump says he'll slap 200% tariffs on wine and other alcohol from Europe if the European Union doesn't nix a planned 50% retaliatory tariff on American whiskey. The EU announced counter tariffs on Wednesday on $28 billion worth of US goods in response to Trump's "unjustified" 25% tariffs on steel and aluminum imports.