US readies $11b in tariffs on EU
The US and the EU are preparing to impose tit-for-tat tariffs on each other’s products, the latest escalation in a 14-year fight over government aid given to Boeing and rival Airbus. “The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of E.U. products!” President Trump said in a tweet Tuesday. “The EU has taken advantage of the US on trade for many years. It will soon stop!” The United States Trade Representative said on Monday night that it was preparing a list of European products to tax as retaliation for European subsidies to Airbus, which the WTO ruled were illegal in May 2018. That prompted the EU to announce that it was also readying a list of tariffs to counter American subsidies to Boeing.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-04-10/general/us-readies-11b-in-tariffs-on-eu
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US readies $11b in tariffs on EU
The US and the EU are preparing to impose tit-for-tat tariffs on each other’s products, the latest escalation in a 14-year fight over government aid given to Boeing and rival Airbus. “The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of E.U. products!” President Trump said in a tweet Tuesday. “The EU has taken advantage of the US on trade for many years. It will soon stop!” The United States Trade Representative said on Monday night that it was preparing a list of European products to tax as retaliation for European subsidies to Airbus, which the WTO ruled were illegal in May 2018. That prompted the EU to announce that it was also readying a list of tariffs to counter American subsidies to Boeing.<br/>
