President Trump on Thursday threatened to impose tariffs on wines, Champagnes and other alcoholic products imported to the U.S. from France and other European countries in response to raised tariffs the European Union placed on American whiskey.

London (UKX) -0.03% British economy contracts 0.1% month-over-month in January Germany (DAX:IND) -0.27% German annual inflation rate confirmed at 2.3% in February France (CAC:IND) -0.16% The pan-European Stoxx 600 (STOXX) was up +0.

The EU has proposed an American whiskey tariff, in response to steel and aluminum tariffs by the U.S. administration, that is expected to go into effect on April 1.