Trade wars have an interesting way of revealing cultural stereotypes.
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Countries often propose tariffs not on the most valuable items in their trading relationships—since that would be painful to them as well—but rather on products iconic of national character. A good example of this came in the European Union’s retaliation against U.S. steel tariffs. Among the $3.3 billion in goods it slapped a tariff on in May were Harley-Davidson motorcycles, Kentucky bourbon, and Levi’s jeans.
Now American ketchup is being targeted, both by the EU and Canada. The United States’ northern neighbor imposed a 10-percent tariff on the product in July, while the EU has suggested it would be a part of the next round of retaliatory tariffs, which could go into effect within weeks.
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Comments
Ketchup on Meatballs!!!!
I am of Italian descent an couldn't ever imagine putting ketchup on meatballs. Totally sacrilegious!
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