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Trump tariffsCNBC
•Business
Business & Economics
80% Informative
The EU 's retaliation to U.S. tariffs on steel and aluminum are set to hit 26 billion euros ( $28.3 billion ) worth of a range of American imports.
European consumers face higher prices on items from cars to jeans, while major industries including steel, retail and agriculture grapple with reduced competitiveness and operational cost increases as trade tensions between the White House and Brussels heat up.
EU officials have drafted a 99 -page document, seen by CNBC , listing specific American items that are under consideration.
Luxury products are directly impacted by higher tariffs between EU and U.S. because they are frequently made in Europe .
In sectors such as luxury goods and retail, the corporate impact will largely depend on the specific company and its supply chains.
There is still a possibility that tariffs are dropped, reduced or intensified.
VR Score
86
Informative language
90
Neutral language
23
Article tone
formal
Language
English
Language complexity
65
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links
