Trump’s Administration to Impose Tariffs on $7.5bn Worth of EU Goods Today!
U.S. trade representative’s office had made a confirmation that the U.S. will levy of $7.5 billion of European goods will take effect on Friday.
International news reporter has stated that the U.S. trade representative’s office had made a confirmation late Thursday that the U.S. will levy of $7.5 billion of European goods will take effect on Friday.
According to the source, The tariffs for aircraft manufactured in the EU will be increased to 10%, while other products, such as cheese and whisky, will be levied with 25% import tariffs.
The announcement to levy European goods came after arbitrators from the WTO granted the U.S. President Donald Trump’s administration the right to impose tariffs on European imports worth $7.5 billion, claiming that the EU (Germany, France, Spain, and the UK) handed over illegal subsidies to Airbus.