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The Trump administration announced it would follow through with threats to slap steep tariffs on the European Union on Friday.
The move marked the latest effort to penalize the bloc in a long-running dispute over aircraft subsidies.
Tariffs will rise from 10% to 15% on aircraft imported from the EU, like Airbus, and will go into effect on March 18.
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The Trump administration announced it would follow through with threats to slap steep tariffs on the European Union on Friday, the latest effort to penalize the bloc in a long-running dispute over aircraft subsidies.

Tariffs will rise from 10% to 15% on aircraft imported from the EU, like Airbus, and will go into effect on March 18. The US has long complained the EU put Boeing at a disadvantage through its financial assistance to Airbus.

The USTR also modified “the list of other products of certain current and former EU member States subject to additional 25% duties,” according to the notice. Some items were removed while others were added to the 25% tariff list.

The tariffs on food, industrial products, and luxury clothing came after the World Trade Organization gave the administration the …read more


Source:: Businessinsider – Finance

      

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