FILE PHOTO: A bartender pours a drink at a Campari inauguration of a new brand house for Aperol, its best-selling beverage, in Venice Italy, August 30, 2021. REUTERS/Manuel Silvestri/File Photo
WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears.
Stocks fell on the news, as investors worried that Trump would enact stiffer trade barriers around the world's largest consumer market.
