EU Readys List Of $22.6 Billion In Retaliatory Tariffs As US Trade Spat Worsens

Zero Hedge | 4/11/2019 | Staff
tictac399 (Posted by) Level 3
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Europe is reportedly preparing a list of US imports worth some €20 billion ($22.6 billion) that will be subject to retaliatory tariffs in what appears to be the latest development in an incipient trade spat that helped crash the S&P 500's eight-day winning streak earlier this week.

As the two sides inch closer to an all-out trade war, here's more from Reuters:

Commission - List - US - Imports - Euros

The European Commission has drawn up a list of U.S. imports worth around 20 billion euros ($22.6 billion) that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said.

U.S. President Donald Trump on Tuesday threatened to impose U.S. tariffs on $11 billion worth of European Union products over what Washington sees as unfair subsidies given to European planemaker Airbus.

EU - Measures - European - Union - World

The EU measures would relate to the European Union’s World Trade Organization complaint over subsidies to Boeing.

A WTO adjudicator still has to set a final amount of potential countermeasures.

WTO - Week - European - Union - Aerospace

The WTO ruled last week that the European Union had unfairly subsidized French aerospace company and Boeing archrival Airbus, prompting President...
(Excerpt) Read more at: Zero Hedge
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