President Trump is threatening a 200% tariff on alcohol from Europe in response to the EU tariff on American-made whiskey. Mr. Trump has defended the current tariffs against allies and downplayed the recent volatility in the markets.

Donald Trump's tariffs could push allies to turn to China and India, according a former U.S. diplomat, and there's evidence that's already happening. Wendy Cutler, a former acting deputy U.S. trade representative,

Retaliatory tariffs are hitting U.S. farmers hard, particularly in states that voted for Trump. Ana Swanson, an Iowa native who covers trade and international economics for The New York Times, explains how retaliatory measures from countries like China and Canada affect the agriculture industry and what it means for the economy.