Christophe Fillioux's family estate in the cognac region of southwest France has survived for five generations, through wars and financial crises. Now, though, he has started to tear up some of his vineyards by the roots.

France’s wine producers are deeply concerned that the 20% tariff slapped by President Donald Trump will deal a severe blow to the sector that relies on the U.S. as its top market

US President Donald Trump's widest-ranging tariffs to date took effect Saturday, in a move which could trigger retaliation and escalating trade tensions that could upset the global

France's industry minister called on Friday for a proportionate but firm response to U.S. tariffs and said Europe wanted to avoid a damaging trade escalation, with the door open to negotiation. Speaking to reporters at an Airbus factory in Toulouse,

China vowed countermeasures and the E.U. promised a unified response, while Britain and Japan refrained from immediate retaliation.

Following President Trump's tariff announcement, the EU finds itself delicately poised between calm, worry and assertiveness.

France expects tariffs to be announced later on Wednesday from U.S President Donald Trump on French and European products to be in the range of 20-25%, leading to "major economic disorder", said government spokeswoman Sophie Primas on Wednesday.

The administration is trying to head off painful retaliatory measures, forcing big trading partners to decide whether fighting is worth it.

"Purchasers of luxury goods are probably not very price-sensitive, so sellers will be able to pass the tariff on to buyers in the form of higher prices," Randall Holcombe, professor of economics at Florida State University,

A trip to the grocery or liquor store is about to become even more expensive, economists say. From seafood to olive oil, these items will likely cost more under President Trump's tariffs.