China stands to gain from the ongoing trade wars between the US and its allies, the European Union’s foreign policy chief Kaja Kallas said in an interview with Bloomberg Television.“Who is laughing on the side or looking at the side is China,

President Trump said he would impose a 200% tariff on U.S. imports of wine, Champagne and other alcoholic beverages from the bloc.

For consumers, higher prices loom on supermarket shelves, but for businesses and industry the risks are higher.