Merchants worried that a trade war could wreak financial havoc in a region that has a robust business exporting the world’s finest bubbly to the United States.

US President Donald Trump has again turned to tariffs as a weapon in international trade disputes, this time threatening a hefty 200 percent levy on wine, champagne, and other alcoholic products from the European Union.

This will be great for the Wine and Champagne businesses in the U.S.," the president proclaimed on Truth Social