News

27.09.2019
EU Eyes $4 Billion Tariff Strike to Take Trade Fight to Trump The European Union is weighing an aggressive new approach to its trade dispute with the U.S., signaling a willingness to engage in the combative tactics embraced by President Donald Trump and risking a further deterioration in transatlantic relations. The EU is considering imposing tariffs on more than $4 billion of U.S. exports, citing as justification a 22-year-old World Trade Organization dispute over prohibited subsidies, according to people familiar with the strategy. This is despite the fact that the two sides reached a “mutually acceptable solution” to the claim in 2006. The tariffs would ostensibly be to retaliate against duties the U.S. is poised to impose on as much as $7 billion of EU exports because of illegal aid the bloc provided Airbus SE, said the people, who asked not to be identified because the plans are private. A decision on using the strategy hasn’t been agreed and at least one EU member state has pushed back against the idea, according to one of the people.

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