July 13, 2018

Financial Management quotes Alex Koff about international businesses responding to escalating tariffs

1 min

Alex Koff was quoted in Financial Management on July 2, 2018, in an article about the escalating tariffs between the US, Canada, China, the EU, and Mexico, which has resulted in companies responding to the increased costs of goods.

After the new 25% tariff on steel imports and 10% tariff on aluminum imports from the EU, Mexico, and Canada that the U.S. imposed on June 1, 2018, the EU enacted a 25% increase on new tariffs on about 180 US-manufactured products, including rice, motorcycles, and bourbon on June 22, 2018.

Mr. Koff said that now companies are scrambling to react and "you're already seeing a lot of pain."