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France’s central bank chief slammed Donald Trump’s policies as a “tragedy” for the world’s largest economy, ramping up criticism of the US president as his trade war engulfs Europe.

Francois Villeroy de Galhau said the Trump administration sees economics like a global Monopoly board game in which players compete for property to extract rents from adversaries.

Speaking alongside Villeroy at a debate in Paris, his German counterpart, Joachim Nagel, described what the US administration is doing as “from the economic house of horrors.”

Earlier Thursday, Trump threatened to impose a 200% tariff on wine, champagne and other alcoholic beverages from France and elsewhere in the European Union, the latest escalation in a growing transatlantic trade war.

“Last year, we said the US election was an economic wakeup call, but honestly the shock is much more violent than we expected,” Villeroy said. “What’s happening is a tragedy firstly for the US economy.”