[47383] Economic Tension: Shufersal against Tnuva, and Trump imposes tariffs on the European Union
Shocks in the food market and global trade
In the local economic arena, Shufersal chain announced an unusual step against the "Tnuva" company, following its attempt to raise prices ahead of the holiday. According to Israel News IL, the chain declared: "We will not approve Tnuva's price increases... and starting tomorrow we will not receive dairy and food products from the company." The channel, which is identified with pro-government and free-market positions, emphasizes the consumer struggle as a step against the rising cost of living.
At the same time, in the international arena, News 360 reports that US President Donald Trump announced the imposition of 25% tariffs on cars and trucks manufactured in the European Union, starting next week. The report notes that this is a significant escalation that will exert heavy pressure on the European automotive industry and affect the trade balances of many countries, including the UK.
Analysts quoted in News 360 estimate that Trump's move is not isolated, but rather a continuation of his administration's aggressive tariff policy, which is expected to lead to a significant reduction in export data to the US and further turmoil in global markets.