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Trump's proposed European tariffs could be painful for Americans who love cheese, wine, and olive oil, and industry experts esti
Aug 25, 2019
(BusinessInsider) - There might be some sad news in the near future for cheese and wine lovers — not to mention close to 100,000 workers in those industries.
The US has proposed retaliatory tariffs on dozens of European products in response to the European Union's subsidies to Airbus, Boeing's European rival. The World Trade Organization ruled the transactions illegal in May 2018.
Both the US and the EU are waiting on a WTO decision regarding the tariffs. But while airplane manufacturers are on the front lines of this trade war, the food industry is being caught in the crossfire.
A preliminary list of European products that could be taxed includes cheese, olive oil, and wine.
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