The list reads like something that could go under the header of “things that are delicious.” French, Spanish and German wine. Spanish olives. Parmesan. Stilton. Currant jelly.
But this isn’t a menu at a Euro-chic bistro; it’s a government document out this week spelling out the products subject to a 25 percent increase in tariffs beginning Oct. 18. The expansive array of wines, cheeses, produce, meat and seafood imported to the United States from European Union countries is caught up in a trade war that has nothing to do with Irish butter or sweet biscuits from the United Kingdom. (They’re getting a 25 percent tariff increase, too).
Their inclusion on the list, though, means that the price of that bottle of Cotes du Rhone you like to pick up at the grocery store or the cheese plate at your neighborhood bistro could go up. But price hikes on the foods covered by the new tariffs are only part of the story: Ripple effects could mean higher prices on other items at stores or in restaurants, as people up and down the food chain make up for the new costs, experts say.
READ FULL STORY: WASHINGTON POST
