European cheese makers complained on Thursday of being held 'hostage' ...
ROME/PARIS - European cheese makers complained on Thursday of being held “hostage” in a transatlantic trade battle that had nothing to do with them after the United States slapped 25% tariffs on the sector in retaliation for state aid to aerospace group Airbus.
“What is happening is absurd; we have to see if the American customers are willing to accept the price increase,” said Giuseppe Ambrosi, president of Italian dairy association Assolatte. Earlier, the consortium that oversees production of Parmesan said U.S. consumers could expect to pay $5 per kilo more for the hard Italian cheese.
High-profile products like Parmesan or various kinds of blue veined cheeses have been targeted periodically over the years in trade disputes between the United States and Europe. Most high-quality cheese can take several months to mature, meaning the immediate impact on producers may not be felt immediately and some may find new markets.
“But as 25% is not an insignificant amount, that will be hard to do,” said David Swales - head of Strategic Insight at the UK Agriculture and Horticulture Development Board. However, the EDA said it was concerned by discrepancies in treatment offered to different member states and said the whole EU area should be treated as a single bloc in WTO terms.
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