U.S. consumers face price hikes amid Trump's tariff policies
France 24 · 8 days ago
France 24
8 days ago
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
See The Full Story
Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.