U.S. Readies $11B in Tariffs on E.U

“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!” The office of 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 World Trade Organization ruled were illegal in May 2018. Mr. Trump has repeatedly threatened to impose tariffs on European cars and car parts if the European Union does not agree to better trade terms for American products, and Europe has said it will retaliate on American goods if Mr. Trump follows through on that threat.

Source: www.nytimes.com