News

European Union assumes its faces 15% tariffs in the US from Friday. But a key text still isn't ready
The European Commission says it presumes the United States will impose a 15% tariff on most EU exports from Friday ...
How new U.S. tariffs on the EU and U.K. could affect the cost of booze
Steep American tariffs on the European Union and United Kingdom could mean higher prices for imported wines and spirits, ...
CEEV: 15% tariff will drastically reduce EU wine and spirit makers’ turnover
Ignacio Sánchez Recarte, secretary general at the European Committee of Wine Companies (CEEV), discusses the impact of a 15% ...
EU wine, spirits to face 15% US tariff from August 1, EU says
European wine and spirits will face a 15% U.S. import tariff until a different deal is agreed in talks expected to continue ...
InnovationRx: Trump’s EU Tariff Deal Will Add $13 Billion To Drug Costs
In this week’s edition of InnovationRx, we look at Halle Berry’s menopause startup, Ambience Healthcare’s $243 million ...
Lutnick: EU Trade Representatives Wouldn't Talk Until Trump Threatened 50% Tariff
Commerce Secretary Howard Lutnick spoke about how President Trump's tariff threats brought EU negotiators to the table during ...
Ferrari has scope to trim US premium after EU tariff deal
Luxury sports-car maker Ferrari could trim a premium introduced in April for some cars sold in the United States once the ...
Luxury Stocks Aren’t Celebrating the EU Tariff Deal. Here’s Why.
The 15% rate is higher than the current 10% tariff rate on European luxury goods. Investors may have wanted better terms for ...
Pharma giants push for tariff clarity as ambiguity threatens EU-U.S. deal
Pharma firms are calling for clarity on tariffs imposed under the new U.S.-EU trade agreement, as analysts warn that punitive ...