Is your favorite European wine or beer about to get 200% more expensive? How Trump’s huge new tariff threat could affect U.S. consumers and businesses. [Video]

On Thursday morning, President Trump took to Truth Social to threaten massive 200% tariffs on “all WINES, CHAMPAGNES, & ALCOHOLIC PRODUCTS COMING OUT OF FRANCE AND OTHER E.U. REPRESENTED COUNTRIES.”

Trump has spent the last few months teasing, delaying, imposing — and occasionally even retreating from — big taxes on friends and foes alike: a 25% tariff on certain Canadian and Mexican imports here, two rounds of 10% tariffs on Chinese goods there.

But Thursday’s outburst was the first time the president has floated such an enormous levy on any of America’s trading partners.

What provoked Trump’s 200% threat — and what could happen to the cost of, say, a can of Heineken if he actually follows through? Here’s everything you need to know.

Why Trump is threatening a 200% tariff on European booze

Strangely enough, it doesn’t have much to do with the actual U.S.-EU spirits industry, which has been …