Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a trade war abroad — all while on-again, off-again new levies continue to escalate uncertainty.

By David Lawder, Philip Blenkinsop and Andy Sullivan WASHINGTON (Reuters) -U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe,

Worsening relations with three of the United States’ biggest trading partners dominated a Senate hearing for the would-be U.S. ambassadors to Canada, Mexico and Japan.

President Trump said he would impose a 200% tariff on U.S. imports of wine, champagnes and other alcoholic beverages from the bloc.

A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&P 500’s 1.4% slide on Thursday sent the index to its first si

President Donald Trump escalated his trade war Tuesday, announcing on Truth Social that he will double the tariffs on steel and aluminum coming from Canada from 25% to 50% in retaliation for new trade restrictions put in place by the province of Ontario this week.

The cost of beer is expected to rise due to the U.S. trade war with Canada, which exports aluminum widely used to make beer cans at American breweries. (N. Scott Trimble | [email protected]) N. Scott Trimble | [email protected]

American trading partners responded swiftly to President Trump’s latest round of levies with countermeasures, creating more uncertainty for C.E.O.s.

The President of the United States—the man with the nuclear codes—is angry and emotional and acting, frankly, erratically. And that is not my judgment. It is basically what his own Cabinet defenders are saying,

European wine, Kentucky bourbon, French Champagne, and other alcoholic beverages could be subject to tariffs if EU and US tariffs materialize.