The European Union has returned U.S. spirits to its proposed list of retaliatory tariffs. Here's what that could mean for Kentucky's bourbon industry.

Tensions between the United States and its European allies have escalated after President Trump threatened to impose a 30% tariff on EU goods starting August 1, prompting strong backlash from France and Germany.

Officials have secured an agreement across the bloc to slap tariffs on US goods, ranging from US-made cars to bourbon whiskey.

The US leader pushes for more favourable terms, negotiating additional deals while working to shrink the large trade deficit.

Things aren’t looking good for Mexico either. In a letter addressed to Mexican President Claudia Sheinbaum, Trump said that while the country had been “helping me to secure the border.” However, if Mexico wants the US to adjust the levies, it needs to be “successful in challenging the Cartels and stopping the flow of Fentanyl.”

If implemented by the 1 August deadline, the move could derail $1.7 trillion worth of transatlantic commerce and force the EU to reconsider its export-reliant economic structure.

The port is one of the world’s largest car transport hubs, shipping more than 3m vehicles around the world in 2024

Trump's tariffs have companies scrambling as they navigate cost increases. Here are the companies that have talked about hiking prices.