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International Business Times
International Business Times
World

'Frightening': US Restaurants, Producers Face Tariff Whiplash

US restaurant owners worry that a planned 20 percent tariff on European goods would harm their profits, forcing them to hike prices (Credit: AFP)

From European wines to industrial tools, global tariffs launched by US President Donald Trump this week promise to sweep through the world's biggest economy, impacting everyone from restaurant owners to industrial manufacturers.

For Brett Gitter, who makes his quality control instruments in China-based factories, Trump's planned tariff hike on goods from the country marks a further price surge to potentially startling levels for customers.

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