The A-Z of Retail: T is for Tariffs
ESM: European Supermarket Magazine is proud to unveil 'The A-Z of Retail', a new subscriber-only series that offers a deep analysis of the retailers, suppliers and individuals making the news each week. Today: T is for Tariffs.
What do bourbon whiskey, Levi’s jeans, peanut butter and cranberries have in common? These all-American products may soon be on the receiving end of steep EU tariffs as an imminent trans-Atlantic trade war looms ever larger.
The proposed levies for these goods were discussed by EU trade commissioner Cecilia Malmström yesterday in a press conference responding to US president Donald Trump’s proposal to introduce a 25% tariff on steel imports and a 10% tariff on aluminium.
Malmström rebuked Trump’s proposal, saying that she had “serious doubts” about the reasoning behind the White House citing national security issues as a reason for justifying these tariffs.
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