Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty.

President Trump said he would impose a 200% tariff on U.S. imports of wine, champagnes and other alcoholic beverages from the bloc.

President Donald Trump escalated his trade war Tuesday, announcing on Truth Social that he will double the tariffs on steel and aluminum coming from Canada from 25% to 50% in retaliation for new trade restrictions put in place by the province of Ontario this week.

The cost of beer is expected to rise due to the U.S. trade war with Canada, which exports aluminum widely used to make beer cans at American breweries. (N. Scott Trimble | [email protected]) N. Scott Trimble | [email protected]

American trading partners responded swiftly to President Trump’s latest round of levies with countermeasures, creating more uncertainty for C.E.O.s.

U.S. President Donald Trump has made numerous tariff threats since returning to office on January 20, ranging from a universal duty on imports to targeted tariffs on specific sectors or countries, in a bid to get others to meet his policy demands.

United States President Donald Trump has claimed that the US is engaged in “stupid trade,” rather than “free trade.” Trump made this assertion on his Truth Social account on Thursday, stating that the entire world is exploiting the US.

Despite some good news, Wall Street is still on fire as Trump intensifies the trade war. Stocks fell Thursday after Trump threatened to slap 200 per cent tariffs on European wines and booze if the EU doesn’t roll back its new tariff on US whisky.

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.