Will whiskey become more expensive? – Commercial conflict EU/vs: Austria is not very affected

Date:

The trade conflict between the EU and the US initially has no major impact on the Austrian economy. With whiskey or motorcycles, prices can rise slightly, said Harald Oberhofer trader economist. A serious inflation effect is not to be expected.

“Economic what is now known is not so relevant that it can cause noticeable inflation effects”. As reported, the US government has introduced EU steel and aluminum imports under President Donald Trump. In turn, the European Union has announced import tariffs for luxury and consumer goods from the US.

For Oberhofer this is mainly “symbolic products, no export magazines”. That is why the question arises whether the input rates would actually be passed on to consumers. In principle, the affectors were easy to avoid, the commercial economist said. In 2018 the EU was in a very similar situation, at that time the motorcycle manufacturer Harley Davidson had extra costs.

Still agreed possible?
The EU committee is open to discussions with the White House. If there is no agreement in the trade conflict, this “will put pressure on prices,” said Oberhofer. The consequences would be strong if the rates were expanded and, for example, sectors such as the car industry were recorded.

The American steel and aluminum import, which have been in force since Wednesday, mainly meet Voestalpine, and the upper Austrian aluminum group Amag in Austria. Voestalpine could largely damp the costs through its own production in the US, said Oberhofer. Rates for American companies increase priority prices, the competitive position can then deteriorate.

Source: Krone

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

“Safety Endangered” – FBI: Chinese smuggled poison path in the US.

The White House has announced that they will check...

The police came in – that is what organizer says after threats for pride

The Pride Parade takes place on Saturday in Bregenz...

Legal location – Hetero to queer: As far as the boss is concerned

It is June, it is the "Pride Month": a...