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Tariff -- European Union countries

View Resource United States Imposes Penalty Tariffs on the European Union

Starting this week, American gourmets may find the prices of imported goods such as Roquefort cheese, truffles, and goose pate skyrocketing, as the United States's stiff penalty tariff on European exports goes into effect. This week's In The News looks at looks at the history of, reasoning behind, and effects of these tariffs. In 1988, the European Union banned the import of US beef, citing that...