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Wine producers and cheese in France warned that President Donald Trump Proposed 30% of European imports will have a harmful impact on the country’s country’s agricultural industry.
Trump has announced last week that his authorities will forcing 30% of the goods from assets from the European Union (EU) members. 1, the concerns of trade and national safety issues and national security concerns.
In a letter to the European Commission Ursula Von Der Leyen, Trump said that EU policies caused trading ‘insecurity against the United States, “add that imbalance also threatens national safety.
The President also warned that any of the EU reverse taxes will be likened and added to 30% of the baseline.
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Wine producers and French cheers are concerned about the President of Donald Trump tax in the European Union will be “disaster” in the agricultural industry. (Stock / Stock)
Jean-Francois Loiseau, President of the Industrial Limentailes Organization District Delivering Reuters that 30% fee will be “disaster” in the Food Industry in France in France.
Speaking to being a Reuters was Francois Xavier Huard, the Dairy Association Manager, who said, “It is truly shocked to Busi’s and cheese manufacturers – this is a significant market for us.”
“The new place will need to get used to – I don’t think this is temporary,” he told Reuters a week while speaking about trading conflicts and changing laws.
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Brie and other cheese from France is expected to be beaten by the US-Defensive Money at the European Union. (Stock / Stock)
Huard said industrial leaders would need to re-consider the Schools in the market.
Tax prices can affect the French milk field, which issues approximately part of a milk, including the US, which includes butter and yogurt, but especially cheese.
If change can be made, French food traders may lose tens of Euros million every year, according to Huard.
He noted that the French sector sells about $ 409 million (or 350 million euros) in the milk products to the US a year.
Food sellers in France worry about additional taxes to import angels who press the prices of their products not available for the subsidized consumers in the US due to inflation.
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President Donald Trump has visited a national convention with the European Media Ursula Von Der Leyen during the 50th World Commor Forum (WEF) Economic Empire (Switzerland, Jan meeting of Jan. (Reuters / Jonathan Ernst / Reuters)
“The products such as wine, especially, has a small amount of money you can use, can discard the purchase,” National Center for Presenting Agency President and Yannick Fialip Preserves told Abereuters.
“We will be competitive,” Fielip added, emphasizing a weak dollar has added pressure to international resources
After learning about Trump’s 30% tax prices, Von der Leyen responds to the post office on X, warning that tax rates can have a negative effect on discussing discussions.
“30% of the export fee will damage businesses, consumers and patients in the Atlantic,” Von dle Leyen. “We will continue to work in agreement on August 1. At the same time, we are ready to protect EU interests on the basis of equal character.”
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In a separate statement from American-EU Tradan, Von der Leyen said he would continue to deepen the global cooperation “and firmly installed on international trade principles.”
Fox News Digital’s Bonny Chu Thus The Rurses contributed to this report.
