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Trump uncorks another tariff threat — 200% on European wine

President Donald Trump in the Oval Office of the White House on March 6, 2025.
President Donald Trump on Thursday threatened to impose 200% tariffs on all EU wines, Champagnes, and alcoholic products.

Alex Wong/Getty Images

  • President Donald Trump threatened 200% tariffs on European wine and other alcohol on Thursday.
  • He threatened the new alcohol tariffs in retaliation to EU tariffs on US goods announced Wednesday.
  • In a Truth Social post, Trump said the EU was formed "for the sole purpose of taking advantage" of the US.

President Donald Trump has threatened to impose 200% tariffs on alcohol coming into the US from Europe in retaliation against fresh tariffs imposed by the EU this week.

In a Thursday Truth Social post, Trump said he could impose the duty on all wine, Champagne, and other alcohol from France and other EU countries.

"The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky," Trump wrote.

The threat of retaliation is the latest escalation in a tit-for-tat exchange between the US and EU over tariffs.

It comes the day after the European Commission announced tariffs on more than $28 billion worth of US goods in response to new American duties on steel and aluminum.

The 200% tariff on booze would come in if these new EU tariffs were not removed "immediately," he said.

Trump orderedΒ 25% tariffs on all steel and aluminum importsΒ last month, which took effect on Wednesday.

The European Commission said the countermeasures match the scope of US tariffs. US goods affected include boats, Bourbon whiskey, and motorbikes.

The commission added that it remains ready to work with the US for a "negotiated solution," calling the new US tariffs "unjustified."

On Wednesday, European Commission President Ursula von der Leyen said the US tariffs are disrupting supply chains, bringing uncertainty to the economy, driving prices up, and putting jobs at stake in Europe and the US.

Read the original article on Business Insider

Trump threatens 200% wine tariffs as trade war shifts to alcohol

Alcohol appears to be one of the earliest casualties of President Trump's trade war, one he escalated Thursday with a threat to impose massive levies on European wine and Champagne.

Why it matters: The alcohol industries may not have had the same influence in the tariff fight so far as automakers, but there's still billions of dollars in revenue and thousands of jobs at stake.


Driving the news: On Wednesday the U.S. imposed 25% tariffs on steel and aluminum, prompting retaliation from top trading partners like Canada and the European Union.

  • The EU quickly reimposed previously suspended counter-measures, including 50% tariffs on American whiskey as of April 1.
  • On Thursday, Trump responded, threatening a 200% tariff on European wine and Champagne if the whiskey levy wasn't removed.
  • "This will be great for the Wine and Champagne businesses in the U.S.," Trump posted on Truth Social.

Yes, but: Historically, it's not.

  • In 2020 the U.S. Wine Trade Alliance begged Trump to suspend a previous set of retaliatory tariffs on EU exports that had been imposed in 2019, citing their significant impact on the hospitality industries.

By the numbers: The U.S. imports more than $6.7 billion worth of wine a year, per the American Association of Wine Economists, with about two-thirds of that coming from France and Italy.

What they're saying: "We urge President Trump to secure a spirits agreement with the EU to get us back to zero-for-zero tariffs, which will create U.S. jobs and increase manufacturing and exports for the American hospitality sector," the Distilled Spirits Council of the United States said in a statement.

  • "We want toasts not tariffs."

πŸ’­ Thought bubble, from Axios economics reporter Courtenay Brown: The EU is quickly learning the risk of trying to hit Trump where it hurts, like red-state industries.

  • He doesn't back down, he doubles down. "If you make him unhappy, he responds unhappy," as Commerce Secretary Howard Lutnick told Bloomberg TV Thursday.

The bottom line: To paraphrase FDR, what America needs now is a drink β€” but not if it costs 200% more.

CEOs push for patience with Trump

David Solomon β€” Goldman Sachs chairman and CEO β€” said after President Trump's visit to the Business Roundtable this week that "the business community understands what the president is trying to do with tariffs."

  • "The business community is always going to want lower tariffs ... everywhere in the world," Solomon told Fox Business' Maria Bartiromo on Wednesday. "At the moment, there is some uncertainty β€” the market is digesting that."

Solomon told Bartiromo that Trump projected a "sense of optimism" during his closed-door remarks Tuesday to the biggest-ever meeting of the BRT, made up of the CEOs of America's largest companies.

  • Solomon, whose firm manages or supervises trillions of dollars in assets, praised the administration for being "engaged with the business community. ... That's a different experience than what we've had over the course of the last four years."
  • He said business wants to see "more specific actions on the regulatory front to unleash more animal spirits. ... My expectation is you will see, as you get through the year, a pickup in activity across both the capital markets and M&A."

One CEO in the room for Trump's remarks told Mike: "Let's slow down and have a little perspective. We may not like how fast this is going, and have real concerns. But let's play a long game."

  • The CEO told us that amid the current uncertainty, many BRT members are medium-term and long-term optimistic that Trump policies will encourage capital spending, economic growth and consumer activity.

πŸ₯Š Reality check: A front-page story in today's Wall Street Journal is headlined, "CEO Frustrations With Trump Over Trade Mount β€” in Private."

  • Jeffrey Sonnenfeld, a well-known professor at Yale School of Management, who organized a CEO Caucus in Washington on Tuesday, said he heard "universal revulsion against the Trump economic policies ... They're also especially horrified about Canada."
  • Trump has been dismissive of CEOs' concerns about tariff uncertainty. Last weekend, he told Bartiromo they had "plenty of clarity."

Stephen Schwarzman β€” chairman, CEO and co-founder of Blackstone, and a top Trump donor β€” told reporters in India yesterday that the tariffs would, "at the end of the day," lead to a significant increase in manufacturing activity in the U.S., the Financial Times reports ($).

  • "Given the size of the U.S., that tends to be a good thing for the world," Schwarzman said.

Solomon added that tariffs are getting the headlines, but CEOs "are excited about some of the tailwinds ... the move to lower regulation. Regulation has been a significant headwind to growth in investment."

  • "Tax policy is going to be a big discussion as we move forward, energy policy," he said. "The more we can have certainty on the policy agenda ... the better that is going to support capital investment and growth."

Solomon concluded his Fox interview: "When there's change, there's uncertainty β€” it takes a while for people to absorb and adopt. But I continue to be incredibly optimistic about the United States and the direction of travel. We have an incredibly nimble and versatile economy."

This easy 20-minute pasta from Carbone's chef is the perfect quick dinner

The shrimp, pasta, and sauce all mixed together, with parsley on top
I made a 20-minute pasta dish from Carbone's chef.

Anneta Konstantinides/Business Insider

  • Mario Carbone is the chef behind the iconic Italian restaurant Carbone in New York City.
  • He gave me the recipe for a penne with spicy shrimp that only takes 20 minutes.
  • The delicious pasta is quick, easy, and packed with flavor.

When it comes to Italian restaurants in New York City, Carbone is easily one of the most famous.

I've found myself dreaming of Carbone's melt-in-your-mouth meatballs, the signature "grandma bread" slicked with tomato sauce, and the spicy rigatoni vodka that celebrities can't get enough of.

While Mario Carbone wouldn't divulge the secrets to his most famous dish, the chef gave me a 20-minute pasta recipe to bring some of Carbone's magic to my own kitchen.

Here's how to make it.

This penne with spicy shrimp was inspired by chef Mario Carbone's childhood.
Mario Carbone's penne with spicy shrimp
Mario Carbone's penne with spicy shrimp.

World Red Eye

Carbone told me this dish reminds him of the southern Italian seafood pastas he grew up eating with his family in Queens.

"What I love about it most is that it's bright, acidic, and clean," he said. "There's no murkiness whatsoever, mainly because the tomato sauce and shrimp don't spend a lot of time together in the pan."

The Carbone Fine Food team developed the recipe to pair with its line of sauces. In addition to the arrabbiata, which is used in Carbone's penne with spicy shrimp, you can try the marinara, tomato basil, roasted garlic, and more.

Carbone's penne with spicy shrimp just has a few simple ingredients.
Ingredients for Mario Carbone's 15-minute pasta
Carbone's recipe also includes parsley, chili flakes, and bread crumbs.

Anneta Konstantinides/Business Insider

To make the dish at home, you'll need:

  • Shrimp
  • Penne pasta
  • Carbone's arrabbiata sauce
  • Garlic
  • Parsley
  • Chili flakes

If you don't have the sauce on hand, Carbone said you can always whip up your own. His sauce is made with Italian tomatoes (whole peeled tomatoes, tomato purΓ©e, sea salt, basil), along with onions, olive oil, sea salt, garlic, basil, crushed red pepper flakes, and oregano.

To begin, I started my very minimal prep.
Parsley chopped up for the pasta
First, I chopped my parsley.

Anneta Konstantinides/Business Insider

Since I was whipping up pasta for three people, I chopped up nine sprigs of parsley and minced three cloves of garlic.

Then, I peeled the shrimp.
Peeled shrimp for the pasta
My peeled shrimp.

Anneta Konstantinides/Business Insider

I cracked off their tails to make the process easier β€” and quicker.

Then, per Carbone's instructions, I carefully butterflied them.
Butterflied shrimp for the pasta
My butterflied shrimp.

Anneta Konstantinides/Business Insider

I sliced down the back of each shrimp with a knife, making sure not to cut them in half. Then, I used the tip of my blade to remove the dark vein running down the middle.

It was time to start cooking! First, I got a pot of salted water boiling.
Pasta in a pot of boiling water
Carbone's recipe calls for penne pasta.

Anneta Konstantinides/Business Insider

To make three servings, I used two-thirds of a 16-ounce box of penne pasta.

Then, I placed a sautΓ© pan over medium heat and added some olive oil and the garlic.
Garlic in the saute pan
My minced garlic in the sautΓ© pan.

Anneta Konstantinides/Business Insider

Carbone notes that it's important not to brown the garlic. Simply wait until the oil is infused and aromatic.

I added the shrimp as the smell of garlic wafted through my kitchen.
Shrimp and red pepper flakes in the saute pan
I added plenty of chili flakes on top of my shrimp.

Anneta Konstantinides/Business Insider

I seasoned the shrimp with a pinch of salt and plenty of chili flakes β€” I like a kick.

"There's no need to be too delicate with the shrimp," Carbone told me. "You want to cook it somewhat aggressively, almost toasting it."

Then, I added the arrabbiata sauce and checked on my pasta.
The pasta sauce and shrimp simmering next to pot with pasta cooking
It didn't take long to cook the pasta or make the sauce.

Anneta Konstantinides/Business Insider

"This recipe calls for penne, but so many shapes would work well with the sauce β€” try it with angel hair, for instance," Carbone said. "No matter what, though, make sure it's al dente."

Carbone's pro tip? Cook the pasta for one to two minutes less than the package says to ensure you get it perfect.

I brought my shrimp and sauce to a simmer, then removed my pan from the heat.
The shrimp with Carbone sauce added in the pan
The shrimp smelled delicious in the sauce.

Anneta Konstantinides/Business Insider

I slid the pan to a different burner and then drained my pasta.

Then, I added the penne and chopped parsley, tossing everything together.
The shrimp, pasta, and sauce all mixed together, with parsley on top
The parsley added a nice touch of color to the pasta.

Anneta Konstantinides/Business Insider

The parsley gave a beautiful burst of color to the pan. I couldn't wait to dig in.

I sprinkled bread crumbs on top before taking my first bite, and the penne was so delicious and light.
The finished pasta and shrimp in a bowl
Carbone's penne with spicy shrimp is a great light pasta.

Anneta Konstantinides/Business Insider

I thought just penne and shrimp might be a little too plain, but Carbone's recipe packs plenty of heat and flavor.

The arrabbiata sauce and chili flakes give each bite a nice kick without overwhelming the palate. Even my dad, who doesn't love spicy food, said it was the perfect amount of heat.

And both my mom and I agreed it was a great light pasta dish.

"It reminds me of eating spaghetti and fish by the beach in Greece," she told me.

However, I believe everything is better with cheese, especially feta. I added some on top, along with some freshly ground black pepper, and loved the extra bite it gave to the penne.

While I'll have to wait until my next NYC trip for Carbone's spicy rigatoni, his delicious penne and shrimp pasta is a cheap and easy dish when I need something quick.

Read the original article on Business Insider

5 things to remember about 'The Wheel of Time' before watching season 3

A still of "The Wheel of Time" season three showing Josha Stradowski and Daniel Henney mid-swinging swords in opposite directions.
Josha Stradowski and Daniel Henney return as Rand and Lan in "The Wheel of Time" season three.

Coco Van Oppens / Prime

  • "The Wheel of Time" season three premieres on Thursday on Prime Video.
  • The fantasy series follows a group of villagers forced to become heroes of the world.
  • Here are the key story plots to remember before tuning into season three.

"The Wheel of Time" returns for a third season after a year-and-a-half break.

The fantasy Prime Video show, based on Robert Jordan's whopping 15-novel series, follows a group of five villagers forced to save the world from an evil known as the Dark One.

Before you start season three, here's a quick refresher on the key players and story plots.

Rand Al'Thor and his friends each have roles in the battle against the dark.
Wheel of Time
"The Wheel of Time" main cast in season one.

Jan Thijs / Amazon Studios

In season one, Moiraine Damodred, an Aes Sedai who uses magic known as the One Power, and her trusty warrior Lan Mandragoran come to the Two Rivers village to find the Dragon Reborn β€” a reincarnated hero prophesied to save the world from the Dark One or destroy it.

They instead find five special villagers.

Rand al'Thor is the Dragon Reborn and one of the few men who can use the One Power, though the magic is driving him mad. His parents were Aiel, a tribe of skilled warriors, but he was raised by non-Aiel farmers who never told him about his heritage.

Mat Cauthon seems to have a connection to his past lives. Perrin Aybara is a Wolf Brother, a human with heightened senses who can telepathically communicate with Wolves.

Egwene al'Vere and Nynaeve al'Meara can use the One Power and are training to be Aes Sedai.

Along their journey, Rand and his friends have made allies, including Elayne Trakand (a princess of the Andor kingdom and an Aes Sedai trainee), Loial (an Ogier), Min Farshaw (a woman who can see people's futures), and Aviendha (an Aiel).

Rand killed Ishamael, one of the Dark One's lead minions, but there are more villains to fight.
A still of "The Wheel of Time" showing Natasha O'Keefe in a medieval outfit.
Lanfear (Natasha O'Keefe) and the other Forsaken are still alive to fight Rand and his friends.

Courtesy of Prime

The Dark One is locked up in a special prison, but the Forsaken, powerful male and female Aes Sedai who were imprisoned centuries ago after they chose to follow the Dark One, have now been freed.

In the season two finale, Rand kills one of the Forsaken, Ishamael, during the Battle at Falme. Two more Forsaken have been shown onscreen: Lanfear, who is in love with the Dragon and wants to protect him from her fellow Forsaken, and Moghdien, who attacks Lanfear at the end of season two.

The others are waiting to attack Rand and his friends.

The Aes Sedai have traitors within their ranks.
A still of "The Wheel of Time" season three showing Ceara Coveney, Madeleine Madden and ZoΓ« Robins  in medieval outfits and riding horses.
Ceara Coveney as Elayne Trakand, Madeleine Madden as Egwene al'Vere, and ZoΓ« Robins as Nynaeve al'Meara in "The Wheel of Time" season three.

Julie Vrabelova / Prime

Rand's identity as the Dragon was revealed to the world in the season two finale, which will split the Aes Sedai community, led by the Amyrlin Seat. Some believe the best action is to work with the Dragon, and others want to cage and control him until he has defeated the Dark One.

A third group, known as the Black Ajah, are secret servants of the Dark One.

In season two, Liandrin, Nynaeve's mentor, reveals she is a member of the Black Ajah. She kidnaps Nynaeve, Egwene, and Elayne and hands them over to the Seanchan, an army from across the seas that enslaves women who can use the One Power and want to retake the kingdoms they say belong to their ancestors.

Nynaeve and Elayne escape, but Egwene is enslaved and tortured for days. The three women will want their revenge on Liandrin and the Black Ajah.

The Whitecloaks want revenge against Perrin.
A picture of Jay Duffy in armor and a white robe holding an axe.
Dain Bornhald (Jay Duffy) saw his father being killed by Perrin in the season two finale.

Jan Thijs / Prime Video

The Whitecloaks, also known as the Children of the Light, are a religious militia dedicated to eradicating evil and servants of the Dark One. However, they often just harm anyone who seems shifty, is an Aes Sedai, or looks different from an average human.

In season two, they attack Falme to get rid of the Seanchan, while Rand and his allies try to do the same. In the crossfire, Perrin fights the Whitecloaks and kills a general, Geofram Bornhald, in front of his son. The son, Dain, vowed revenge against Perrin, so The Whitecloaks will likely be a bigger problem in the future.

Mat blew the Horn of Valere to defeat the Seanchan.
DΓ²nal Finn as Mat Cauthon in "The Wheel of Time."
Mat Cauthon (DΓ²nal Finn) fighting alongside the heroes of the Horn of Valere in "The Wheel of Time" season two finale.

Jan Thijs / Prime Video

The Horn of Valere can resurrect heroes and is one of many special artifacts in "The Wheel of Time" needed for the final battle against the Dark One.

Mat blows the horn during the battle in Falme, which helps unlock part of his memories of his past lives. The resurrected heroes are the turning point in the fight against the Seanchan, leading to their retreat, but they will likely return.

Read the original article on Business Insider

This startup is replacing job recruiters with AI agents. Here's the pitch deck it used to raise $5 million.

OptimHire CEO and founder Larry Kodali
OptimHire CEO and founder Larry Kodali

OptimHire

  • OptimHire is a hiring platform that uses an AI agent to replace traditional job recruiters.
  • The startup just raised $5 million in funding from Mucker Capital.
  • Check out the 10-slide pitch deck OptimHire used to raise its seed funding round.

2025 is shaping up to be the year of the AI agent, and one startup just landed a seed investment to bring the tech to the world of hiring.

The startup OptimHire just raised a $5 million seed funding round led by Omar Hamoui, a partner at early-stage VC fund Mucker Capital. SparkLabs, Citta Capital, Pitbull Ventures, and Vijay Chattha at VSC Ventures also participated in the round.

Founded in 2019, OptimHire provides companies with an end-to-end hiring platform via an AI-powered applicant tracking system. The startup's AI agent, OptimAI recruiter, sources candidates, conducts screening calls, and schedules interviews on behalf of hiring managers to reduce the time and cost associated with filling an open role.

OptimHire claims it reduces the job application timeline by 80% β€” from an average of two to six months down to just 12 days β€” and reduces the fees companies must pay to recruiters from 20% of a new hire's first-year salary, which is the industry average, down to 6%.

The startup previously raised another seed funding round in 2021 to the tune of $3 million, also from Mucker Capital.

For OptimHire CEO and founder Larry Kodali, advancements in generative AI during the last few years have been a boon for the startup, which landed 8,000 hires in 2024.

"Recent advancements in our tech stack have meant we can handle higher capacity and at higher speeds," he told BI. "For instance, today, our AI recruiter can complete 20,000 outreach calls or emails in a matter of minutes. That would have been inconceivable a few months ago."

AI agents are a huge theme for 2025, and the tech world is excited about digital helpers that can autonomously complete tasks like scheduling meetings, conducting phone interviews, making marketing calls, and more. VCs invested $8.4 billion in agents AI startups in 2024, and many investors told BI they're on the lookout for more bets in the space this year.

When it comes to hiring, OptimHire has a handful of competitors: AI-powered applicant tracking system Ashby has raised $68 million from investors, including Lachy Groom and F-Prime Capital, while AI talent acquisition platform Findem closed a $30 million Series B in 2022 led by Four Rivers and Quarry Ventures.

With a new influx of financing, Kodali said that OptimHire will continue to improve its AI to make it more intelligent and realistic.

"As the needs of the global workforce continue to change, we believe that it's important to deliver a hiring experience that meets the individual needs of talent and hiring managers alike," he said.

Check out the 10-slide pitch deck OptimHire used to raise $5 million.

OptimHire pitch deck

OptimHire

OptimHire pitch deck

OptimHire

OptimHire pitch deck

OptimHire

OptimHire pitch deck

OptimHire

OptimHire pitch deck

OptimHire

OptimHire pitch deck

OptimHire

OptimHire pitch deck

OptimHire

OptimHire pitch deck

OptimHire

OptimHire pitch deck

OptimHire

OptimHire pitch deck

OptimHire

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I've been a professional declutterer for 18 years. Reframe 'wants' and 'needs' so you don't overbuy.

Tracy McCubbin headshot
Tracy McCubbin started a decluttering business.

Courtesy of Tracy McCubbin

  • Tracy McCubbin grew up around family members who were hoarders.
  • Their experience helped her understand the burden that can come with mess.
  • She's been a professional declutterer for 18 years and says it's her calling.

This as-told-to essay is based on a conversation with Tracy McCubbin, founder of dClutterfly. It has been edited for length and clarity.

I was in my 20s when people first started talking about hoarding. Before that, no one really used the word, and hoarding disorder certainly wasn't considered a medical condition. Instead, people used words like "packrat" or "eccentric."

I had two family members β€” one close to me β€” who fit that description. After seeing a newspaper article about a professional who helped hoarders, I reached out. He came to help my family member, and he also said to me "You should do this as a living."

I had been working as a personal assistant, and I continued to do that for years. I would organize homes and businesses on the side. When I was about 40 I reached a fork in the road of my career, and a friend encouraged me to make decluttering my full-time job. I thought, this isn't a job, it's just what I do to help people.

A home and belongings should serve you, not the other way around

I was wrong: decluttering was definitely a job β€” a career even. I started dClutterfy 18 years ago, and for the past four years, the business has grossed more than $1 million annually. I have 12 employees and just signed contracts with my first two franchisees.

I usually get a call when people feel like their stuff owns them rather than them owning it. I know from my family members that belongings can become a burden. That's true even for people who don't have hoarding disorder. People will pay for storage units or spend all their time moving things around, which takes away from more meaningful things they could spend time or money on.

I believe that a home is a tool. It should relax and rejuvenate you. I want to help my clients make their homes and belongings work for them. If it doesn't, it's time for something to change.

A clean, decluttered home doesn't have to be perfect

I didn't think too much about my family and my career until I was working with a client who was a psychiatrist. He asked me questions about my background, then said, "You took your primal wound and turned it into your life's work."

That's true. I couldn't help my family members, but I can help others. Doing that feels like a calling.

I don't usually work with hoarders, but I had one client who was in treatment for hoarding disorder (which was officially recognized by the American Psychiatric Association in 2013). The first time I went to her house, it took her 45 minutes to let me in. Two of my employees helped her multiple times a week over six months. When I went to the house again, she eagerly opened the door and had me in for tea. She told me it was the first time she'd been able to entertain in 10 years.

That's what this work is about: not designing picture-perfect homes but creating spaces that allow people to live their lives.

Reframe wants and needs to avoid buying too much

There are tons of women β€” often oldest daughters β€” helping people declutter and organize. Usually, they're not paid for their labor. I've been able to help other women find careers in this space, and I hope to do that even more by franchising.

I'm 60 now and was just married two years ago. Before that, I didn't share my finances with anyone, so I had no financial safety net. Yet, I've managed to support myself very well using these skills, and I'm very proud of that.

Today, despite running a seven-figure business, my life isn't extravagant, but it's full. I travel when I want to. I love a designer purse and enjoy pretty things. Yet, I'm always mindful and intentional about what I bring into my home.

People often shop to feel in control when other aspects of their life feel out of control. It's a quick dopamine hit. I encourage clients to be mindful of that and look for other ways to feel good, like going for a walk. I also tell them to stop saying "I need" and start saying "I want." Most of us don't really need anything else. Reframing your mindset can take away the power of the urge to buy, and with fewer new items coming into your home, you can stick with the systems that really work for you.

Read the original article on Business Insider

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