American winemakers are feeling the effects of President Donald Trump’s looming tariffs on European wine and spirits.

European shares dropped on Friday, at the end of a week marred by concerns over the global economic fallout of an intensifying trade war waged by U.S. President Donald Trump. The pan-European STOXX 600 index fell 0.

The U.S. also has much to lose in a dumb-and-dumber trade brawl.

TMTPOST -- The European Union is reportedly consider concessions including tariff cuts to ease transatlantic trade tensions as the new U.S. levies loom.

Investors are calling time on a rally in European stocks and the euro after a blistering first quarter that many fear has exaggerated how fast a planned public spending boom can revive the region's still sluggish economy and shore it up against trade war risks.

The 25% import tariffs on foreign cars will increase prices for vehicles coming from Germany, Japan and South Korea, as well as for foreign-made parts assembled in the U.S.

A recent report from a notable investment bank says newly imposed 25% tariffs on imported vehicles and components could

The bourbon industry may take a hit in the coming weeks as the European Union considers reinstating tariffs as part of the global trade war.

Reaction to Trump's 25% auto tariffs include neighbors who insist "there shouldn't be any tariffs," to adversaries who say nobody will win a trade war.

President Donald Trump says he is placing 25% tariffs on auto imports, a move the White House claims will foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains.