Trump won a ruling from the World Trade Organization, and to celebrate he’s slapping tariffs on everything Americans hold dear
that the European Union had failed to completely end loan subsidy programs for Airbus, giving it an unfair edge in its competition with American rival Boeing. The organization said that, as a result, the administration may impose duties on $7.5 billion worth of European goods which, naturally, was music to Donald Trump’s tariff-happy ears.
President Donald Trump plans to slap punitive tariffs on European aircraft, agricultural, and industrial goods later this month after the United States won an important victory in a ruling before the global trade body that handles trade disputes…. American officials said the United States would impose a 10% duty on Airbus aircraft and a 25% duty on various European agricultural and industrial goods effective October 18.
Cheese and dairy products figure prominently on the retaliation list to the delight of U.S. dairy producers who face substantial sales barriers in the EU. Imports of single-malt Scotch, Irish whiskey, liqueurs, French wines, sweaters, coffee, pipe cutters, various tools, sweet biscuits, olives and pork will also be slapped with 25% duties.
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