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. Furthermore, just the potential for a trade war could have a much longer-lasting impact on which goods are consumed in the U.S.
“Consumer preferences will slowly shift as we are forced to drink more Napa cab[ernet]s. Eventually you will lose the runway,” Chris Czerwinski, director of international policy for investment research firm ACG Analytics, told the. “If tariffs are extended for a long period of time, we will lose relationships with European producers and the supply chain could be forever changed. It will take a long time for relationships to be repaired.
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