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Trump pauses tariffs but threat of trade war hangs over food and drinks sector

The article from MSN discusses the ongoing tensions in the food and drinks sector due to the threat of a trade war, despite former President Donald Trump's decision to pause tariffs on European Union goods. Trump had initially imposed these tariffs in retaliation to EU subsidies on Airbus, which affected a range of products from wine to cheese. Although the tariffs have been paused, the underlying issues remain unresolved, creating uncertainty for businesses. The pause came after negotiations and was seen as a temporary relief, but the potential for reimposed tariffs looms, causing companies to reconsider supply chains and pricing strategies. This situation has led to cautious optimism in the sector, with stakeholders hoping for a more permanent resolution to avoid the economic repercussions of a full-blown trade war.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/trump-pauses-tariffs-but-threat-of-trade-war-hangs-over-food-and-drinks-sector/ar-AA1ytWtl ]