Trade war: France hits back over US tariff threat on cheese and champagne - business live

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Trade war: France hits back over US tariff threat on cheese and champagne - business live
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Rolling coverage of the latest economic and financial news, as US proposes steep new tariffs on French food, drink, handbags and porcelain

Critics of trade wars point out that tariffs are effectively a tax on consumers, as they make imports more expensive. And if America really does impose this 1o0% tariff, it could mean less French champagne and quality cheese is quaffed and scoffed in the States. Paul Donovan of UBS fears that Camembert will be off the menu, replaced with processed cheese .

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yea like the middle class can afford 'French Champagne' or cheese. don't import it , we have our own and much cheaper.

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