European Central Bank, ECB, President, Christine Lagarde, on Friday said a full-scale global trade war would hurt the United States in particular and could re-energise Europe’s push towards unity. Recall that the U.

The European Union has responded with retaliatory tariffs of its own, with a special focus on products from red states.

President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey. Wine sellers and importers said a tariff of that size would essentially shut down the European wine business in the U.S.