On September 14, 2019 Politico published that the U.S. is poised to impose new tariffs on the EU after the United States has gotten the green light to impose billions of euros in tariffs on EU products in retaliation for illegal subsidies granted to European aerospace conglomerate Airbus.
POLITICO reported that the World Trade Organization ruled in favor of the U.S. in the long-running transatlantic dispute.
The US is preparing a list of EU products ranging from cheese to Airbus planes and parts and said it could impose tariffs of up to 100%. Washington has previously estimated the amount of damage resulting from EU subsidies that are still in place at $11 billion.
- Posted by Joe DeSilvetri
- On September 19, 2019
- 0 Comments