Four billion dollars worth of annual u. S. Imports are expected to be hit by the new measures ranging from Agricultural Products to steel bourbon whiskey that list could also be expanded in the future according to e. U. Officials. Found this doesnt only affect businesses of course earlier we spoke to our financial correspondent in frankfurt all the spots and i asked him how these tariffs could impact the average citizen. Yeah for example in the United States steel tariffs are used by the Steel Companies in the Car Companies to pass the higher costs on to consumers and they will be affected and here with consumer goods affected like Peanut Butter or orange juice or per perhaps jeans the margins this kind of business with retailers are much smaller so i think here there wont be much of a decision to pass them on it will make things more expensive for the average consumer here and you in these products. That will be spots in frankford lets now cross over to sophie she mounts your financia
Products to steel and bourbon whiskey that list could also be expanded in the future according to e. U. Officials. And this doesnt only affect businesses of course earlier we spoke to our financial correspondent in frankfurt all the bots and i asked him how these tariffs could impact the average citizen. Yeah for example in the United States steel tariffs are used by the Steel Companies in the Car Companies to pass the higher costs on to consumers and they will be affected and here with consumer goods affected like Peanut Butter or orange juice or per perhaps jeans the margins in this kind of business with retailers are much smaller so i think here there wont be much of a decision to pass them on it will make things more expensive for the average consumer here in the u. In these products. That will be spots in frankford lets not cross over to sophie she man secure financial correspondent in new york has been following the story for us too so feet looking at the Market Reaction specific
What does a football loving country need to reach its goals. Well tell you how to germanys soccer get it back to the top. You know web space. Dot com. Football made in germany. Thats it for tat with tariffs continues to escalate after mexico and canada now the European Union is hitting back at the u. S. As of july the e. U. Will slap punitive duties on u. S. Imports worth two point eight billion euros. And for the first time in four years indias reserve bank hikes its Interest Rate is the weak rupee threatening in the u. S. Spectacular growth. This is. Business under our office in berlin the European Union is taking a hard line in response to new u. S. Tariffs the bloc will impose import duties on a raft of u. S. Products beginning in july it announced today the new penalties come in response to increased u. S. To tease on imported steel and alimony and that took effect this months about three point four billion dollars worth of u. S. Goods out suspected to be hit by the new measures r
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