President Trump said the U.S. plans to pull most vaping products from the market, citing growing concerns about health hazards and rising use by teenagers of the trendy alternative to traditional cigarettes.

The Food and Drug Administration intends to ban popular fruity flavors, as well as menthol and mint e-cigarettes from stores and online sellers, leaving just tobacco-flavored products. The move poses a major threat to a fast-growing market estimated to reach $9 billion in sales this year and dominated by startup Juul Labs...