EU increases tariffs on Russian grain to hamper its war effort – but it’s European consumers who could feel the pinch
- Written by Kirill Shakhnov, Lecturer in Economics, University of Surrey
Alexander Manzyuk/ShutterstockImagine there was a food tax that increased your grocery bills by nearly 20%. That’s essentially what the Common Agricultural Policy does to food prices in the EU. Now picture that tax going up even more, to 50%. That’s exactly what the EU’s recent decision to slap hefty tariffs on Russian grain...
