Core Viewpoint - The U.S. tariffs on foreign products will ultimately burden American consumers, as stated by the head of a Bulgarian essential oil production company [1] Company Summary - The Bulgarian essential oil producer operates 250 hectares of lavender fields and produces approximately 20 tons of lavender oil annually, with the majority intended for export [1] Industry Summary - U.S. President Trump announced a 30% tariff on EU products effective from August 1, which is expected to impact the essential oil industry and its consumers [1]

Group 1 - Bulgaria is one of the world's major exporters of rose essential oil, accounting for nearly two-thirds of global production [1] - Recent unpredictable weather has affected harvests, with an unusually mild winter causing the harvest season to start nearly a month earlier than usual [1] - The recent cold wave may impact both the quantity and quality of flower production, posing challenges for farmers [1] Group 2 - Farmers are facing not only reduced yields due to the cold wave but also uncertainties stemming from U.S. tariff policies [1] - The deadline for the U.S. to impose a 50% tariff on the EU has been extended to July 9, which could severely impact the export sales of essential oils from Europe [1] - The President of the European Essential Oils Federation, Andrei Mitov, expressed concerns about the potential impact of tariffs on pricing and the downstream effects on the supply chain [1]