U.S. Proposes More Tariffs on EU Goods in Airbus-Boeing Dispute

• The never-ending dispute between the U.S. and Europe over support to subsidy-reliant aircraft manufacturers Boeing Co. and Airbus SE took another turn when Washington added $4 billion of EU goods that could be targeted as part of the tiff.
• Needless to say, the Europeans have their own list of retaliatory measures ready should the situation get more serious.
• Shares in Airbus dropped as much as 1.4% in Paris this morning, with the company calling the whole thing a lose-lose situation.
• One positive bit of news on the tariff front is that President Donald Trump said measures against Mexico are off the table after the country’s response to immigration flows

 (Source: Bloomberg)