"It would be a mistake to think that China will back off and remove tariffs unilaterally," says Alfredo Montufar-Helu, a senior advisor to the China Center at The Conference Board think tank. "Not only would it make China look weak,

The already battered spirits industry will see its supply squeezed if tariffs raise import costs and other countries’ retaliation closes off export markets.

Less than an hour before markets closed on Monday, reporters gathered in the Oval Office to question Donald Trump about his looming tariffs, which we