U.S. consumers face price hikes amid Trump's tariff policies
France 24 · Recent
France 24
Recent
Prices are rising on European products in the U.S. as tariffs increase from 10% to 15%. Retailers say they're absorbing part of the cost, while consumers brace for further hikes. Wine, cheese and olive oil are among the goods affected.
Breakdown
- Tariffs on European goods in the U.S. have increased from 10% to 15%. 8s
- Products like olive oil, mustard, cheeses, and champagne are seeing price hikes. 14s
- Retailers are absorbing some of the tariff costs but are forced to raise prices or cut ties with some producers. 52s
- Economists say consumers are paying most of the increased costs, with about 60% of the tariff passed on to them. 1m 20s
- The EU is seeking exemptions for certain products, especially wine and beer, in negotiations with the U.S. 1m 33s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.