Tariffs risk damaging far more than sales of whiskey and Champagne, the American Chamber of Commerce to the European Union says.

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The U.S.-European tariff conflict is jeopardising transatlantic business worth $9.5 trillion annually, the American Chamber of Commerce to the EU warned on Monday. AmCham EU, whose more than 160 members include Apple,

President Trump said he would impose a 200% tariff on U.S. imports of wine, Champagne and other alcoholic beverages from the bloc.

The U.S.-EU trade conflict is endangering a $9.5 trillion economic relationship, warns the American Chamber of Commerce to the EU (AmCham EU). Despite record-breaking trade in goods and services, surpassing $2 trillion