Wed. Oct 21st, 2020

Trade war: France hits back over US tariff threat on cheese and champagne – business live

Rolling coverage of the latest economic and financial news, as US proposes steep new tariffs on French food, drink, handbags and porcelain

8.38am GMT

Shares in French luxury goods makers are dropping, due to the threat of higher tariffs on their goods.

LVMH, which produces Moët & Chandon (yummy!) have fallen 1.5% on the Paris stock market.

8.19am GMT

Critics of trade wars point out that tariffs are effectively a tax on consumers, as they make imports more expensive.

Continue reading…Rolling coverage of the latest economic and financial news, as US proposes steep new tariffs on French food, drink, handbags and porcelainIntroduction: Trade war deepensUS unhappy over French digital taxFrance: We’ll hit back!Yesterday: new steel tariffs on Brazil and Argentina 8.38am GMTShares in French luxury goods makers are dropping, due to the threat of higher tariffs on their goods.LVMH, which produces Moët & Chandon (yummy!) have fallen 1.5% on the Paris stock market. 8.19am GMTCritics of trade wars point out that tariffs are effectively a tax on consumers, as they make imports more expensive. Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *