A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.

Proposed global trade agreements could have consequential trickle-down effects on Napa Valley wine producers, according to industry experts.

The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.

Back in May, the U.S. Court of International Trade ruled that Trump overstepped his bounds by using IEEPA to apply tariffs. Just a day later, the decision was paused and tariffs were back on. The lawsuit was brought by a wine importer called V.O.S. Selections and four other small businesses. Analysts expect the case to reach the Supreme Court.

WASHINGTON (AP) — President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.

U.S. President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump's self-imposed Aug.