US companies warn against Trump's proposed wine and cheese duties - Business Insider

The US has threatened to levy tariffs of up to 100% on $2.4 billion worth of products from France.

In testimony before US trade officials this month, US businesses warned that the tariffs would raise prices for consumers and lead to job losses. "The proposed tariffs would force the price of these wines to the point where they would be unsellable," one company told the US trade office.The US has threatened to levy tariffs of up to 100% on $2.4 billion worth of products from France, a move meant to retaliate against a tax on digital services the European nation passed this summer.

France is just the latest country to crack down on the charge that large technology companies avoid taxes through subsidiaries in other countries. The Trump administration criticized the policy, saying it disproportionately affected American technology companies like Facebook and Google and is inconsistent with international tax policy.

But the retaliatory tariffs Trump proposed — on wine, cheese, handbags and other products — have drawn widespread backlash from domestic companies. In testimony before US trade officials this month, they warned the tariffs would raise prices for consumers and lead to job losses. Besides the nearly 300 employees in South Carolina and the other employees across the U.S., please consider the following potential impacts from a tariff of 100 percent on Le Creuset products.

hblodget Sell domestic wines

Like him or not Trump is for USA first and secretly every other country in the world respects that.. The Democrats appear sore losers and don't respect democracy whether from Hillary's 'deplorables' , Trump is what every other country wants their leader & politicians to be..

Now, this will hit me in the wallet... not the wine and cheese!

Sverige Senaste nytt, Sverige Rubriker

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