American businesses are warning the Trump administration against plans to tariff European wine and cheese. Here's what they're saying.
to levy new tariffs on food, industrial products, and luxury clothing from the European Union, saying those measures were necessary to retaliate against the bloc for its financial assistance to Airbus.
But domestic businesses warned against the move, which came after the World Trade Organization gave the US the green light to target $7.5 billion worth of European products. In letters to the Office of the US Trade Representative, they have warned the tariffs could lead to higher prices and potential layoffs. "If the tariffs go into effect, we will be forced to offshore our products affected by the tariffs to survive. That would result in layoffs of at least 50 to 60 of our US employees.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
TikTok claims US made more censorship requests than China - Business InsiderTikTok's first transparency report says China made 0 censorship or information requests in the first half of 2019, while the US made 85
Weiterlesen »
Oil prices jump after news of US airstrike that killed top Iranian general - Business InsiderBrent crude futures jumped close to $3 on Friday to their highest since September after an airstrike.
Weiterlesen »
Trump re-election creating investment opportunity in healthcare sector - Business InsiderA self-taught coder turned hedge fund manager explains why traders should be positioning for a Trump re-election — and lays out a big bet he's making on healthcare
Weiterlesen »
Trump Sends More Troops To The Middle East After U.S. Embassy Attack In BaghdadTrump was quick to blame Iran for the attack.
Weiterlesen »
Trump Sends More Troops To The Middle East After U.S. Embassy Attack In BaghdadTrump was quick to blame Iran for the attack.
Weiterlesen »