KONTAN.CO.ID - WASHINGTON. New 25% U.S. tariffs on Italian cheese, French wine, Scotch whisky, British biscuits, Spanish olives and thousands of other European food products will lead to higher prices ahead of the holiday season and cost American jobs, trade groups said on Thursday. The U.S. Trade Representative's Office said on Wednesday it was imposing tariffs on hundreds of European products after the World Trade Organization gave the green light to the action in response to EU subsidies on large aircraft. The Specialty Food Association said in a statement the tariffs would decrease sales and adversely impact U.S employment at 14,000 specialty food retailers and 20,000 other food retailers across the United States. The impact would be "dramatic," the trade group said.
New tariffs on EU food will boost prices, cost U.S. jobs -industry
KONTAN.CO.ID - WASHINGTON. New 25% U.S. tariffs on Italian cheese, French wine, Scotch whisky, British biscuits, Spanish olives and thousands of other European food products will lead to higher prices ahead of the holiday season and cost American jobs, trade groups said on Thursday. The U.S. Trade Representative's Office said on Wednesday it was imposing tariffs on hundreds of European products after the World Trade Organization gave the green light to the action in response to EU subsidies on large aircraft. The Specialty Food Association said in a statement the tariffs would decrease sales and adversely impact U.S employment at 14,000 specialty food retailers and 20,000 other food retailers across the United States. The impact would be "dramatic," the trade group said.