The president’s plans for steeper import taxes remain fluid, but he promises they’ll take hold after temporary delays. Consumers will start to see the impact in store aisles.

President Donald Trump’s newest tariff threat on European alcohol is the latest in a line of proposed levies on goods from abroad as a global trade war widens between the U.S. and its partners. See also: The alcohol trade war has broken out — and is coming for your glass of wine How long is that line?

President Donald Trump on Thursday stood firm on his tariff policy, hours after threatening to escalate a global trade war with a 200% tariff on champagne and other alcohol products from the European Union.

President Donald Trump is threatening a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned tariff on American whiskey.

Markets have been spooked by the emerging trade war and fear it will trigger a recession, with the S&P 500 index entering "correction" territory recent weeks.

U.S. automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump's aggressive use of tariffs. Julian Satterthwaite reports.