Trump’s warning over EU-Canada ties highlights rising trade fragmentation and the growing use of tariffs as geopolitical leverage.
Trump said the U.S. will scrap a 10 percent tariff on Irish whiskey, signaling a targeted shift inside broader duties on EU wine and spirits.
Hungary reverses a procedural lapse to reinstate its ban on Ukrainian agricultural imports, aiming to protect domestic farmers and recalibrates its stance on the International Criminal Court.
The ifo Institute warns that US auto tariffs could trigger a German recession by 2026 if the EU responds with retaliatory duties, escalating transatlantic trade tensions.