Merry-go-row
STEFFEN SCHNIZER has been riding a virtual carousel since April, and he is sick of it. Mr Schnizer is the managing director of Cartondruck, a German family-owned business that makes cardboard packaging for cosmetics. On April 19th last year, the United States imposed 100% tariffs on a range of EU imports, including Cartondruck's boxes, as part of a seven-year-old dispute over the EU's regime for importing bananas. Some of the tariffs—dubbed the “carousel”—are about to rotate to other goods. Cartondruck's fate hangs in the balance. But Mr Schnizer has done nothing to deserve this. And he is fighting back.
This article appeared in the Finance & economics section of the print edition under the headline “Merry-go-row”
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