Daily Oil Fundamentals
The Master Chef of Tariffs Adds Spice to the Trade War Recipe
14 Mar 2025The Master Chef of Tariffs Adds Spice to the Trade War Recipe
The bankers of New York on their way home this evening, while gracing the wonderful bar in Grand Central Station will be crying 200% tariff tears into their Irish whiskey or French Bordeaux. For that is the new level of threat from Donald Trump as he retaliates to the retaliation of the EU’s plan for a 50% tax on imports of US-produced whiskey. And so the circular upping of the ante in a global trade war begins, and the world shivers in its wake. The tears shed by the bankers are not just for the impending price rise in their favourite commuting tipple.