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Stock impact report

Here’s How the EU Plans to Hit Back at Trump’s Import Tariffs [Fortune]

Brown Forman Inc Class A (BF.A) 
Company Research Source: Fortune
The Kentucky bourbon industry and Florida's orange farmers could be among the first victims if President Donald Trump decides to start a trade war. The Financial Times reported Friday that the European Union is already drawing up a list of candidates for countermeasures if Trump imposes import tariffs on steel and aluminum products in the name of national security, as he has threatened to do. It said bourbon whisky, orange juice and other agricultural products were likely to be near the top of the list. Trump has framed his threat of import duties as a way to stop China flooding the global market with steel that it can't sell at home, but the EU, Japan, Canada and South Korea are all concerned that their steel industries will also be affected. EU Trade Commissioner Cecilia Malmström has said the EU would "have to respond" if its interests are harmed, but any retaliation is likely, ultimately, to depend on what exactly the U.S. decides. Usually in global trade, such tit-for Show less Read more
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