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Former ambassador to EU: 15 percent tariff can be baked into profit margins

3 6
28.07.2025

President Trump’s first-term ambassador to the European Union, Gordon Sondland, brushed off concerns on Sunday about higher prices for Americans following news of the U.S.-EU trade deal, which set tariffs at 15 percent on European goods.

In an interview with CNN’s Jessica Dean, Sondland was asked to respond to folks who see the 15 percent tariff on imported goods and are worried that, for example, their perfume bottles from France will now be 15 percent more expensive.

He said Americans might initially see higher prices, but they will soon adjust as........

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