Trump slams EU in aircraft dispute, pushes tariffs on $11 billion of imports

  • U.S President Donald Trump said today that the USA would impose tariffs on $11Bn of products from the European Union, a day after U.S. trade officials proposed a list of EU products to target as part of an on-going aircraft dispute.
  • “The World Trade Organization finds that the European Union subsidies to Airbus have adversely impacted the United States, which will now put Tariffs on $11 Billion of EU products! The EU has taken advantage of the U.S. on trade for many years. It will soon stop!” Trump said in a post on Twitter.
  • The two sides have been locked in a years-long global trade dispute over mutual claims of illegal aid to plane giants, Netherlands-based Airbus and U.S.-based Boeing, to gain advantage in the world jet business.
  • The U.S. Trade Representative on Monday announced the planned products targeted in retaliation for European aircraft subsidies, with a final list expected this summer.

(Source: Reuters)