Grocery bills will 'significantly go up' with new EU tariffs, experts say

[Yoopy]

Source: ABC News

The slew of new tariffs on European goods set to take effect later this month could mean your grocery or restaurant bill might see a sharp increase just as the holiday season approaches.

What started as an international trade dispute over subsidies in the airline industry, resulted in the World Trade Organization "awarding" the U.S. the ability to slap tariffs on $7.5 billion worth of goods from the European Union.

While some of those tariffs are directed at aircrafts, a large amount of them fell on agricultural goods, mostly from France, Germany, Spain and the U.K., sending producers abroad and importers in the U.S. reeling.

A 25% tariff on German coffee, Scotch whiskey, British biscuits, Spanish olives, Italian cheeses, French wines and many more are among the myriad of tariffs on EU goods set to go into effect on Oct. 18.

Read more: https://abcnews.go.com/Business/grocery-bills-significantly-eu-tariffs-experts/story?id=66110886

[beachbumbob]

1. like, duh. And then loss markets for US products. Trump don;t care

GOP don;t care

[FarPoint]

2. The Italian cheese will be difficult to accept for me!

It is a staple in my house to have Parmigiana Reggiano and Mountain Gorgonzola cheese.....I will just have to make the budget work!

[HockeyMom]

3. Buy 'Merican!

Sorry, but this 3rd Generation Italian ain't putting no American Cheese in any of my pasta dishes.

Fangool to you, Trump.

[Javaman]

9. right there with you Pizon. :) nt

[bucolic_frolic]

4. Worse these tariffs create

an excuse for retailers to raise prices on everything and as history shows they will use it to pad their bottom line.

Target return pricing seeks to maintain overall profits despite lowered demand or shifts in consumer preferences.

We are going to get whacked at the dinner table.

[pazzyanne]

6. It has already started in some places.

My grocery bill is up almost 20% from 6 months ago.

[IronLionZion]

5. Screwing consumers and farmers during an election year

sounds like stable genius to me.

[durablend]

7. But "stickin it to teh libs" makes it alright!

[IronLionZion]

8. Our party needs to ask people if they're better off now than they were 4 years ago

Farmers have certainly noticed lower sales from losing their exports.

Higher prices for groceries would be hard to blame on liberals although I'm sure they'll try to blame it on safety regulations or some nonsense, but really it's from tariffs and inflation.

[FakeNoose]

10. Grocery prices are already going up

I was just shopping today, saw price increases on a lot of the stuff I buy regularly.
Time to cut back on everything.

[Vinca]

11. Prices are crazy. You need to take out a mortgage if you want a good steak these days.