Last week, Killarney Brewing and Distilling company went to the wall after a failed examinership process. Laying off 54 workers, the company cited the “high tariffs on Irish whiskey exports” as one of the reasons why it was unable to continue trading.

President Donald Trump hailed his threatened 50% tariff on the European Union as a “success” Tuesday after he said the bloc worked to fast-track negotiations. The president announced a blanket ...

Mexico did not face a new tariff on April 2, the day of Trump's so-called "Liberation Day" tariff rollout. There remains a 25% tariff on non-USMCA-compliant goods from Canada and Mexico, as well as a 50% tariff on steel, aluminum and derivative products.

President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.

A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.

President Donald Trump’s tariffs cost German auto giant Volkswagen about $1.5 billion over the first half of 2025, the company said on Friday. Sales in North America plunged 16% due primarily to U.S. tariffs, said Volkswagen, which owns a host of brands including Audi, Lamborghini and Porsche.

Hungary's populist prime minister has spent years building a close political relationship with U.S. President Donald Trump and aligning himself with the MAGA movement. But despite Viktor Orbán's success in gaining favor with the culturally conservative and nationalist wing of Trump's administration,

US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising.