Trade: Yuppies in the Cross Fire

Yuppies in the Cross Fire

Yuppies beware! The pricey European food products favored by young urban professionals may soon become even dearer. President Reagan threatened last week to slap new quotas and tariffs on such imports as French white wine, Perrier water, Heineken beer, Guinness stout, Swiss and blue cheese, and Belgian chocolates. The curbs will be phased in beginning May 1 unless the European Community rescinds restrictions imposed last month on $1 billion worth of imports of U.S. soybeans, corn and other agricultural products. Says Secretary of State George Shultz: "If we can't work something out, then we've got to fight it out."

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!