Trending Naija NewsUS Tariffs Archives

Trump Threatens 200% Tariff on Wine and Champagne from France and Europe Amid Escalating Trade War

March 13, 2025 by Adeshina Olalekan

US President Donald Trump has reignited trade tensions with Europe by threatening to impose a 200 percent tariff on wine, champagne, and other alcoholic products from France and other European Union countries. His latest move is in direct response to the EU’s decision to impose levies on American whiskey, a development that has sent shockwaves … Read more

Europe Faces Major Risks in US-China Trade War, ECB Warns of Economic Strain

February 6, 2025 by Ferdinand Miracle

The European Central Bank (ECB) has issued a significant warning about the potential economic repercussions of the ongoing trade war between the United States and China, signaling that the 20-member euro zone could be at risk. ECB board member Piero Cipollone raised concerns that Europe may face considerable strain from the escalating global trade conflict. … Read more