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.

US President Donald Trump has threatened a 200% tariff on any wine or alcoholic drinks coming in to the US from the EU, if the bloc does not remove its tariff on US whiskey. It comes after the EU said it would impose a levy on US-produced whiskey as part of its counter-tariffs in response to US tariffs on all steel and aluminium imports.

President Donald Trump threatened to slap a 200 percent tariff on European wine, champagne, and other alcohol imports on Thursday—the latest shot fired in his erratic global trade war.Trump announced his threat targeting booze from France and other European Union countries after the bloc unveiled plans to apply duties to a list of American goods in retaliation to the 25 percent global tariffs Trump imposed on steel and aluminium.