U.S. considers more tariffs against EU, pending outcome of Airbus case (this news has drag euro down)

The U.S. widened its threat to impose tariffs against the European Union, pending the outcome of a World Trade Organization case over the EU’s subsidies of the airplane manufacturer Airbus SE.

The Office of the U.S. Trade Representative said Monday that as part of a long-running dispute over aircraft subsidies it would consider tariffs on an additional 89 items with an annual trade value of $4 billion, including cheese, pasta and Scottish and Irish whiskies as well as chemicals and metals. The U.S. in April began the process of imposing tariffs against the EU pending the resolution of a WTO case that found the aircraft manufacturer has received unfair governmental support. The European Union has proposed tariffs against the U.S. over a companion case regarding U.S. subsidies of Boeing Co. BA, -2.07%  Read More @ https://www.marketwatch.com/story/us-considers-more-tariffs-against-eu-pending-outcome-of-airbus-case-2019-07-01?siteid=rss&rss=1

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