President Donald Trump threatened to impose a 200% tariff on French champagne and wine this week, one of the latest he’s brought against European nations. The reason for the latest tariff threat has to do with the country’s response to his Board of Peace proposal. Here’s what to know:

President Donald Trump on Tuesday said he could bypass Congress to send $2,000 tariff rebate checks to some Americans. This directly contradicts his top economic adviser's comments last month, making this the first time Trump has proposed issuing tariff-funded checks without congressional approval.

All ​three major Wall Street indexes ended Tuesday with their biggest one-day drops in three months, in a broad selloff triggered by concerns ‌that fresh tariff threats from President Donald Trump against Europe could signal renewed market volatility.

President Donald Trump is getting a mixed response after declaring himself the “Tariff King,” a self-bestowed title he used while discussing trade policy and a controversial push to acquire Greenland.

Major gauges slumped as the market reacted to Trump's heavy-handed attempts to buy Greenland outright over the weekend.