U.S. Tariff Threatens Imports
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goods importsReuters
•Analysis-Companies race to ship goods to the US ahead of potential tariffs
78% Informative
Automakers, French cognac makers, and Italian producers of parmesan cheese and sparkling wine have all expedited deliveries to the United States .
Commodities buyers stepped up purchases of steel, aluminium, and soybeans.
Even before he returned to office this month , uncertainty motivated businesses to rush shipments.
U.S. wine importer Old Bridge Cellars spent "a fortune" on a year 's worth of fizz when it was excluded from tariffs.
OBC cleared excess inventory during COVID , when supply issues meant large champagne producers were regularly unable to meet demand.
"We got lucky," says company president Rob Buono .
VR Score
88
Informative language
94
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58
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formal
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English
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53
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short-lived
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