US President Trump is almost certain to announce tariffs on European products soon

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Politico citing anonymous sources for history

  • The United States has the green light to impose billions of dollars of punitive tariffs on EU products, in retaliation for illegal subsidies granted to the European aerospace giant, Airbus
  • Our European leaders told POLITICO that the World Trade Organization had agreed with the United States in the long-standing transatlantic dispute and sent its confidential decision to Brussels and Washington on Friday.
  • This decision means that US President Donald Trump will almost certainly soon announce tariffs on European products ranging from cheese to Airbus aircraft.
  • One official said Trump had obtained the right to collect between 5 and 8 billion euros. Another said that the maximum amount was around $ 10 billion.

Additional tariffs on the EU have been rumored for some time. A negative euro but not as much as if they were a surprise.

ForexLive

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