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.

Earlier today, Trump shared on social media that he would put a 200% tariff on European alcohol, in response to the EU's retaliatory tariffs on American whiskey. Trump has also directly touched upon Canada during his Oval Office meeting with Nato's Secretary-General.

President Donald Trump threatened Thursday to impose a 200% tariff on alcoholic beverages imported from the European Union in a tit-for-tat move in response to the EU’s retaliatory tariffs on American whiskey.