EU officials are considering
tariffs on agricultural products including orange juice, whiskey, and dairy if Trump follows through with a steel tariff said the FT.
European Union Trade Commissioner Cecilia Malmström spoke Wednesday morning of new taxes
on agricultural products including bourbon, cranberries, peanut butter, and orange juice.
If farmers» fears come to fruition, consumers could see prices go up not
only on agricultural products, but also on the umpteen products that hide corn and soybean inputs such as gas.
The market had a terrible week fretting about trade war fears on the tariffs on steel and aluminum imports with the reciprocal tariffs by
China on agricultural products.
Jacob Uhlenkott, an adviser to his family's Grangeville, Idaho - based steel fabricator and 5,000 - acre wheat farm, is concerned that China's proposed
tariffs on agricultural products will hurt his firm's bottom line.
«[W] hile tariffs are zero on civil aerospace parts... EU tariffs set at the WTO are 10 per cent on cars and can be more than 200 %
on some agricultural products.»
There are very substantial tariffs
on agricultural products.
The implementation of CETA would mean that all tariffs on industrial products will be lifted between Canada and the EU as will nearly all tariffs
on agricultural products.