Trump announces 200 per cent levy on EU alcohol

President Trump threatens to slap the EU with a 200 per cent tariff on imported alcohol and says he will not bend on Canadian autos and metals tariffs. The jitters felt on Wall Street this week sees the S&P 500 in correction territory. U.S. Treasury Secretary Scott Bessent tells CNBC he is unfazed by short-term market volatility. Russian President Vladimir Putin says he agrees to the Ukraine ceasefire in principle but says the deal is ‘nuanced’ which has led to accusations he is stalling the process.