Elon Musk-led electric automaker Tesla (TSLA) has issued a dire warning to the Trump administration about the ongoing trade war. The company said that it could be a target for retaliatory tariffs aimed at the country and increase the cost of making its EVs in the United States.

President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand.

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