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Fox Business’ Ashley Webster speaks with Steve Longmire, the owner of Tennessee Homegrown tomatoes on the incoming tomato tariff.
Wine and cheese manufacturers in France warns that President Donald Trump has offered 30% tariffs European imports The country will have an impact on the agricultural industry.
Trump announced that last week’s leadership will apply 30% of the members of the European Union (EU), which began on August 1, trade shortages and national security concerns.
In a letter to the European Commission, Ursula Von Der Leyen, Trump, claimed that the EU policy was “great and unstable Trade tyrants Against the United States, the floor is also a great danger of national security.
The President also warned that any of the revenge tariffs applied by the EU will be adapted and to add 30% to the base.
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French wine and cheese manufacturers worried President Donald Trump’s tariffs in the European Union will be “Disaster” for the agricultural industry of the region. (ITOK / ISTOCK)
Jean-Francois Loiseau, the President of the National Food Industry Association (ANII) gave 30% of the reuter Tariff would be “disaster” For the food industry in France.
Reuters also said, “It is a real shock for milk and cheese manufacturers,” “This is a real shock for milk and cheese manufacturers – this is an important market for us,” he said.
“It’s a new environment, a new environment we will not be used – I don’t think it’s temporary,” said reuters while talking about trade tensions and variable rules on Sunday.
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Tariffs of the United States are expected to be hit by the United States in the European Union of France and other cheeses. (ITOK / ISTOCK)
Huard said that industrial leaders need to repent the strategies of the markets operating.
Tariffs can affect the French milk sector, which import milk and yogurt, including the United States, which imports milk and yogurt, but mainly produces cheeses like Brie.
If changes are not made, according to Huard, French food exporters can lose ten million euros each year.
He noted that the French sector sells about $ 409 million (or 350 million euros) in dairy products every year.
Food exporters in France are worried about additional import taxes that are unavailable for buyers wrapped in the United States for inflation.
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President Donald Trump, President of the European Commission Ursula Von Der Leien, on January 21, 2020, participates in a bilateral meeting in the 50th World Economic Forum (WEF) in Davos. (Reuters / Jonathan Ernst / Reuters)
“Products such as wine, especially if you have less money – you can give up for shopping,” The President of the National Center (CNPA) Yannick Fimiip Fimiip for promotion of agriculture and food.
“We will be less competitive,” Fimiip put pressure on the export of a weaker dollar to the United States
After Trump’s study 30% Tariff, Von Der Leyen responded in an article in the X, warnings will have a negative impact on both economies, but the consequences of the talks expressed.
“30% of the EU exports would damage consumers and patients on both sides of the Atlantic,” said Von Der Leyen. “We will continue to reach an agreement between August 1. At the same time, we are ready to protect the EU interests based on proportional measures.”
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In a separate statement on the American-EU trade, Von Der Leyen will continue to develop a global partnership in the international trade principles based on the rules, “he said.
Fox News Digital’s Bonny Chu and Reuters contributed to this report.
