Americans’ favorite brands say Trump’s tariffs are bad for business

[McFurd]

Yahoo Finance - 6/29/2018 - Melody Hamm - The ongoing trade war is damaging some of Americans’ favorite brands, with General Motors (GM) warning Friday that tariffs could lead to a “smaller GM.” In response to the Trump administration’s tariffs on steel and aluminum imports, Mexico, the EU and Canada have all imposed duties on U.S. products. Earlier this month, Mexico imposed tariffs on $3 billion worth of pork, apples and cheese. Last week, the EU raised taxes on $3 billion worth of U.S. imports, including classically “American” items like bourbon, blue jeans and motorcycles. Canada’s tariffs on $16.6 billion of U.S. products like ketchup, strawberry jam and toilet paper go into effect on July 1. Read more @ https://finance.yahoo.com/news/american ... 04191.html