President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand.

Kentucky's democratic governor is weighing in on the new U.S. tariffs on Canada and Mexico.The 25% tariffs were initially delayed in February for a month, but President Donald Trump said this week that there was "no room left" for the countries to avoid the steep taxes.

With a new distillery set to open soon, the makers of Brough Brothers bourbon in Kentucky were ready to put their business plan into action. They were looking to ramp up whiskey production to break into lucrative new markets in Canada and Europe.