U.S. Imposes 25% Tariffs on French Wine, Italian Cheese, and Scotch Whisky
Nowthis - Food
10/07/2019 | 2 min | NOT-RATED
The U.S. imposed new tariffs on French wine, Italian cheeses, and Scotch whisky, reportedly affecting 14,000 specialty food retailers in the U.S. The U.S. Trade Representative’s Office (USTR) released a list of hundreds of European products now facing 25% tariffs. The U.S. is imposing the $7.5 billion in tariffs in the wake of the 15-year dispute over subsidies the EU provided to aircraft maker Airbus, which officials say negatively affected the U.S. aerospace industry. The list includes cured meats, cheeses, clothing, coffee, fruits, and wine from the UK, France, Germany, and Spain. The U.S. will also impose a 10% levy on EU-made airplanes. U.S. food and beverage importers, some of whom have clients like Costco and BJ’s Wholesale Club, say the tariffs will greatly impact imports, availability, and sales. “These tariffs will devastate, perhaps destroy, many small and medium sized family businesses importing these products into the United States,” National Association of Beverage Importers President Robert Tobiassen told Reuters. The tariffs will take effect on October 18, 2019 and the EU has vowed to retaliate against the U.S. for imposing those tariffs. “If the U.S. imposes countermeasures it will be pushing the EU into a situation where we will have to do the same,” European Commission Spokesperson Daniel Rosario stated. This video "U.S. Imposes 25% Tariffs on French Wine, Italian Cheese, and Scotch Whisky", first appeared on https://nowthisnews.com.