Brace! That’s the only word needed to sum up the feeling around the globe today as everyone gears up for Trump’s Reshape the World Economy Day on Wednesday. Even the Downing Street lobby briefing today saw Number 10 admit they were unsure what was going to happen – a pretty unusual admission.
President Donald Trump’s big tariff rollout was supposed to reduce uncertainty for businesses. Economists say it did the exact opposite, while also raising recession risk.
The EU is set to impose tariffs on US whiskey on April 13th. Sonat Birnecker Hart, the President and Founder of Koval Distillery joined Bloomberg Open Interest to talk about how the tariffs will put a tight squeeze on her business and other craft distilleries that rely on global trade. (Source: Bloomberg)