Today, March 13, President Donald Trump announced a potential 200% tariff on wine, cognac, and other alcohol imports from Europe. This statement was made in response to the European Union’s plan to impose tariffs on American whiskey and other products starting in April, which is a countermeasure to Trump’s 25% tariffs on steel and aluminum imports that took effect yesterday, March 12. The European Commission did not provide an immediate comment regarding Trump’s announcement. In 2024, the U.S. imported roughly $5.4 billion of wine from the EU, which includes about $1.7 billion in sparkling wines, according to Census Bureau data. It also imported more than $1 billion of beer and more than $3.5 billion of spirits such as vodka, gin and whiskey.