Liquor is leverage as the world careens toward another trade dispute. European tariffs on American whiskey snap back after March 31 unless an extension is granted.
Diplomats at the Munich Security Conference were uttering “appeasement,” with all its historical resonance, to describe the Trump administration’s approach to negotiations to end the war in Ukraine.
The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system started.
The trade threats could reduce exports to the United States and dampen investment in Europe, dealing a blow to growth at a time when the continent is already facing a lackluster economy.