💨 Abstract

President Trump threatens a 200% tariff on European wines and alcoholic products in response to EU's planned tax on American whiskey. The EU is set to impose counter-tariffs worth €26 billion ($28 billion) on U.S. goods from next month, escalating the global trade war. Trump's focus on tariffs has rattled investor, consumer, and business confidence, raising recession fears.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖