In his first term, Trump also targeted the alcohol industry. A series of tit-for-tat tariffs hit alcohol products in the U.S. and the EU. The Biden administration suspended those tariffs, but now the industry is once again in the crosshairs. The industry has still been recovering from that first tariff spat.

Donald Trump proudly portrays himself as “Tariff Man”. The vast majority of economists disagree with him and think his views on trade are deeply flawed and a threat to national and global prosperity.

Two of President Donald Trump’s top economic chiefs from his first term refrained from backing his current approach of jacking up import duties on a range of trading partners to levels unseen in decades.