$3.1 Billion in New EU Consumer Goods Tariffs to Further Escalate Trade War

Although consumers have likely forgotten the ongoing tit-for-tat trade war with Europe because of the coronavirus pandemic and the deescalation of trade tensions with China, a new round of tariffs on EU consumer goods will remind them this particular battle is still hot.

The U.S. Trade Representative is proposing the imposition of duties on as much as $3.1 billion worth of products, including pork, Irish whiskey, beer, olive oil, cheese, leather goods, and more.

Image source: Getty Images.

Continue reading

Source Fool.com