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Champagne and Parmigiano under threat from Donald Trump’s tariffs

  • President Trump has raised and then lifted tariffs on goods from several countries, impacting business and consumer confidence and the stock market.
  • Experts state that Trump's tariffs aim to boost U.S. Wealth and change trade relations, but achieving all goals simultaneously is impossible.
  • Trump has postponed tariffs on Canadian and Mexican imports without receiving concessions, which may impact the cost of imported energy and food in New England.
  • Economist Nina Eichacker noted that effective trade policy must be implemented and maintained to generate meaningful change and warned of potential market distrust.
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Le Monde broke the news in Paris, France on Monday, March 10, 2025.
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