Afternoon Coffee: E.U. Starts Retaliatory Tariffs, UPS and Teamsters Reach Preemptive Deal

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New tariffs from the European Union have gone into effect that tax U.S. imports from Harley-Davidson bikes to cranberries, according to the Associated Press. The tariffs, which include a total $3.4 billion of U.S. goods, came into effect a month earlier than previously expected.

UPS Cuts a Deal

After months of negotiations, UPS and the Teamsters Union cut a deal Thursday to permit Saturday and Sunday deliveries in exchange for a $4.15 minimum wage increase, improved benefits, 2,000 new trucking jobs and a new class of full-time workers, Supply Chain Dive reports. The two parties are still working to sort out lower-level details to renew a master contract agreement by July 31.

Beer Disruptions

A disruption in the carbon dioxide supply chain has threatened the beer industry at the worst possible time, according to Logistics Manager. The 2018 World Cup is expected to cause soccer fans to consume an extra 14 million pints of beer in England alone, putting the beer supply chain under significant additional strain.

Jobless Claims

And finally, an economic update: The number of Americans applying for new unemployment benefits fell for the fourth straight week, the Wall Street Journal reports. Initial jobless claims declined by 3,000 to a seasonally adjusted 218,000 in the week ended June 16, signaling continued labor market strength as summer begins.

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