EU foreign policy chief Kaja Kallas told Bloomberg that China is the country that stands to benefit the most from a trade war between the U.S. and EU. Her comments come as the EU imposed 50% tariffs on American whiskey in retaliation for U.S. tariffs on steel and aluminum imports.

Good morning. China is “laughing” at the tensions between America and its allies, an EU diplomat said. There could be severe global fallout from a trade war, warns the European Central Bank. And the two stranded astronauts in space may come home next week.

Generic drugmakers and hospital pharmacists warn that added financial pressure from tariffs could strain the nation's generic drug supplies.