China, Mexico, now France: Trump just attacked 'not fair' French wine tariffs again Champagne and Merlot could be going up in price after President Trump hinted he might raise tariffs on French wines. "It's not fair," Trump said, referring to higher EU tariffs on US wines than vice versa. "We'll do something about it." Visit Markets Insider's homepage for more stories . Champagne and Merlot could be going up in price after President Trump hinted he might raise tariffs on French wines. "France charges us a lot for the wine," Trump said in a CNBC interview on Monday . "And yet we charge them very little for French wine." "You know what? It's not fair. We'll do something about it," he added. The EU levies tariffs of 11 to 29 cents on a standard 750 milliliter bottle of US wine, while the US charges 5 cents to import the same volume of still wine and 14 cents for sparkling wine, according to the Wine Institute , which represents the interests of California winemakers. As America is the biggest market for EU wines, US tariffs could have a significant impact on European vineyards.