The Tariff Man is on track to hit hard again this summer, and it's bad news for EU companies ranging from Dutch cheesemakers to industrial heavyweight Airbus.
European Commissioner for Trade Cecilia Malmström warned the EU's trade ministers at a meeting on Monday that they need to steel themselves for U.S. President Donald Trump to hit billions of euros worth of European goods with tariffs, ramping up a decadeslong dispute over unwarranted subsidies for Airbus.
hree officials in the room said Malmström warned them that the U.S. has rejected attempts to negotiate a deal on aviation subsidies and added that Washington is now willing to proceed with the tariffs, which would be legal under World Trade Organization (WTO) rules.
"We should brace for this," the officials cited Malmström as saying.
Although the WTO ruled that not only Airbus but also its American competitor Boeing benefited from illegal state aid, the U.S. case against Airbus is more advanced. Washington said last month it wants to levy retaliatory tariffs on up to $21 billion of European products, a decision that still needs to be confirmed by a WTO arbitrator. The verdict is expected to come in July.
tarrifs are nothing new happens in almost every administration...
rather than be dishonest and hypocritical i condemn the faults and failings of all
and apologise unreservedly in advance for the failings of hindus,,bhuddists,,sikhs..mormons..christians..aztecs..incas..mitras worshippers and the followers of frei..thor..woden..zen.. etc etc and all those too many to mention
and in politics..every party and every polito.. every ruler