Many large European companies are raising prices or shifting some production to the US due to import tariffs, while winemakers and smaller businesses remain stuck.
The price of gold surged nearly 50 USD in the first trading session of the week, primarily due to uncertainty surrounding the approaching US import tariff deadline.
Japan was among the first countries to start negotiations with the US, but an agreement remains elusive, with Trump repeatedly complaining about Japan's "tough" stance.
Indonesia's import tariffs reduced from 32% to 19% in exchange for eliminating tariffs on US goods and purchasing tens of billions of USD worth of American products.
European commission president Ursula von der Leyen announced another postponement of retaliatory tariffs against the US to allow for trade agreement negotiations.