Scotch whisky, French wine and Italian cheeses are about to become much more expensive, after President Donald Trump imposed some $7.5 billion worth of tariffs on E.U. goods. The new tariffs of 25% came into force at just past midnight on Friday, the latest salvo in Trump’s trade wars around the globe.

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BING NEWS:
  • How Trump’s tariff plans could kill jobs and worsen inflation
    “The policy is very bad. Tariffs make consumers poorer. They shrink the economy,” Alex Durante, an economist at the Tax Foundation, a right-leaning think tank, told CNN in a phone interview.
    04/10/2024 - 11:00 pm | View Link
  • Trump’s attacks on Chinese cars strike a chord — with both parties
    But they’ve been less quick to distance themselves from his call for higher tariffs, amid concerns that an influx of cheap Chinese electric vehicles could decimate the U.S. auto industry ...
    03/21/2024 - 12:55 pm | View Link
  • More

 

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