EU foreign policy chief Kaja Kallas told Bloomberg that China is the country that stands to benefit the most from a trade war between the U.S. and EU. Her comments come as the EU imposed 50% tariffs on American whiskey in retaliation for U.S. tariffs on steel and aluminum imports.

Generic drugmakers and hospital pharmacists warn that added financial pressure from tariffs could strain the nation's generic drug supplies.

US President Trump doubled the tariff on all Chinese imports to 20% earlier this month, which could lead to Chinese companies flooding other markets with cheaper products, including chemicals..Indian chemicals companies might also feel the heat of potential reciprocal tariffs by the US.

The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s president appears unlikely to make a similar call soon.

China has vowed to “fight till the end” after US President Donald Trump escalated his trade war by doubling tariffs on all Chinese imports to 20%.

And it has all failed.” The company has a contract for the logging site at Danger Bay on Afognak Island, just north of Kodiak. The site is owned by the Afognak Native Corporation, which could not be reached for comment.