Trade War

Bourbon, Tennessee whiskey and rye whiskey were left out of a recent breakthrough to start rebuilding trade relations between the U.S. and European Union in the wake of Donald Trump's presidency. While tariffs were suspended on some spirits, the EU's 25% tariff on American whiskey remains in place, and the rate is set to double to 50% in June in the industry's largest export market.

The Senate confirmed Katherine Tai as the top U.S. trade envoy in an overwhelming bipartisan vote on Wednesday . She will be the first Asian American and first woman of color to hold the position.

"We want a demand for our product," Hein told FOX Business' Jeff Flock. "We would like to grow a crop, get a fair price for it. We don’t want government help." 

Exports in dollar terms skyrocketed 154.9% in February compared with a year earlier, while imports gained 17.3%

The U.S. Treasury Department on Friday announced sanctions against a Saudi official and group of individuals for their alleged roles in the murder of journalist Jamal Khashoggi.

The head of European planemaker Airbus called on Saturday for a “ceasefire” in a transatlantic trade war over aircraft subsidies, saying tit-for-tat tariffs on planes and other goods had aggravated damage from the COVID-19 crisis.