Trump’s European Tariffs Could Be Devastating for the Portland Restaurant Industry

that European subsidies to the company Airbus — a multinational, European aerospace corporation that manufactures airliners — were illegal, and that they had cost American aerospace business, specifically Boeing, billions of dollars over the last 15 years. The U.S. was granted the right to place tariffs of up to $7.5 billion annually on European goods in order to recoup those billions of dollars that Boeing lost in competition to the subsidized Airbus.

Then, in early December, the U.S. Trade Representative threatened two new tariffs. One was in response to France’s Digital Service Tax — a 100 percent tariff on Champagne, effectively doubling the price of importing Champagne.that the French taxes would be a “3 percent levy [that] applies to revenue from digital services earned by firms with more than $27.86 million in French revenue and $830 million worldwide.” This includes companies like Google, Facebook, and Amazon.

eaterpdx And wine industry. Bankrupt distributors don’t order wine

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump Serves Up Another Happy Meal For The Fast-Food IndustryA new regulation will make it harder for workers to sue big brands over wage claims. cc: ClemsonFB LSUfootball
Source: YahooNews - 🏆 380. / 59 Read more »

U.S. coal-fired power plants closing fast despite Trump's pledge of support for industryThe coal industry in the U.S. has been in steep decline for a decade due to competition from cheap and abundant gas and subsidized solar and wind energy, along with rising public concern over coal’s contribution to climate change And eu converting/closing coal plants doesnt help them for demand too .. And price ... 🤔 As a former working life long coal miner (retired) this is sad to me. I do know it is inevitable and necessary but regret that the opportunities I had will not be available to future generations. “Beautiful beautiful clean coal” ~trump~
Source: Reuters - 🏆 2. / 97 Read more »