Forget the China trade debacle. The U.S. might headed for a trade fight with Europe.
The United States is considering a spate of new tariffs on $3.1 billion in exports from Europe, according to a
published by the Office of the United States Trade Representative on Tuesday—it’s the latest move in a longstanding dispute between the U.S. and the E.U. over the latter’s illegal subsidies to aircraft giant Airbus. ... [+]Beer, gin, olives, coffee, chocolate, cheese, yogurt, aircrafts, trucks, and machinery are among the goods under consideration for new tariffs.
Those new tariffs could be as high as 100%, the notice says, pending a public comment period that ends on July 26.the U.S. has threatened the E.U. with a broad range of tariffs—it did so twice last year after key decisions from the World Trade Organization related to the Airbus dispute.In October, the World Trade Organization ruled that some E.U countries had given Airbus illegal subsidies and loans that had propped up the company unfairly. As a result, the WTO said the U.
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