'Tariffs will absolutely bankrupt our business': US companies warn against Trump's plans to tax wine and cheese imports

Stefano Rellandini/Reuters The US has threatened to levy tariffs of up to 100% on $2.4 billion worth of products from France. In testimony before US trade officials this month, US businesses warned that the tariffs would raise prices for consumers and lead to job losses. "The proposed tariffs would force the price of these wines to the point where they would be unsellable," one company told the US trade office. Visit Business Insider's homepage here. The US has threatened to levy tariffs of up t...