President Trump warned that if the European Union fails to deliver on its commitment to invest $600 billion in the US, then he will ramp up tariffs against the 27-nation bloc. Last month, Trump and the EU unveiled the sketches of a preliminary trade deal,

EU and U.S. officials are still negotiating a final list of products that would have either a zero-for-zero duty or a significantly lower most-favoured nation rate. The EU wants low or zero rates on spirits, wines, some chemicals and medical devices.

The European Union is intensifying diplomatic efforts to exclude its wine and spirits from U.S. tariffs under President Trump's trade policy.