U.S. President Donald Trump's threat to impose 200% tariffs on alcohol from Europe would serve a major blow to drinks makers on the continent, but it could have one unlikely beneficiary — the struggling beer industry.

U.S. President Donald Trump is threatening to slap a 200% tariff on wine, champagne and other alcohol products from Europe. Ignacio Sánchez Recarte, Secretary General of the Comité Européen des Entreprises Vins,

In a post to Truth Social, the social media company the president owns, Mr. Trump said the U.S. will retaliate against the European Union after it announced Wednesday that it would be increasing tariffs on U.