Trump announces 30% tariffs on EU
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President Donald Trump's threat to boost import taxes by 50% on Brazilian goods stands to raise the cost of Brazilian exports, with coffee and orange juice among several key products that may see price increases if no trade agreement is reached by Aug.
Coup claims, trade threats, and guerrilla attacks ignite a legal standoff between Colombia and the U.S. over diplomacy, war crimes, and human rights.
While Bongo Java doesn't buy directly from Brazil, they might still feel the effects of the potential 50% tariff on the country.
Tariffs on goods from certain countries are already in place, with a July 9 deadline set for a 50% tariff on the European Union, according to CBNC. This can make now a good time to stock up on the following Aldi items, in case of tariff-induced product shortages.
But are the tariffs imposed so far, or the threat of tariffs, having an impact on local businesses? This week, The News-Gazette is launching an occasional series looking at the impact the tariffs may or may not be having on different sectors of our local economy.