Business
US importers stockpiling Italian prosecco amid fears of tariffs
During the first Trump administration, Italian wines were exempt from tariffs, and as of right now, no duties have been declared against European allies. However, to safeguard the market, Prosecco importers and distributors say they are taking preventative action.
Economy
Investment banks warn: Trump tariffs could derail Europe's 2025 growth
Trump's tariffs could derail Europe's 2025 growth, say top Wall Street analysts. Goldman Sachs sees eurozone GDP at 0.7%, well below latest ECB projections. Key sectors such as cars and pharmaceuticals face risks, while a weaker euro may offer only limited relief.