Trump Administration Wants to Slap Tariffs on $ 11B Worth of Goods from EU, Including Seafood

US Trade Representative Robert Lighthizer announced that the Trump administration plans to slap tariffs on $11.2 billion worth of imports from the European Union in retaliation for the EU’s subsidies for aircraft manufacturer Airbus.

The US alleged in a World Trade Organization (WTO) case that the EU’s subsidies for aircraft manufacturer Airbus are a violation of international trade rules and harm the US economy. After years of litigation, Lighthizer said the Trump administration decided to make a move to punish the EU.

“This case has been in litigation for 14 years, and the time has come for action,” Lighthizer said in a statement.
“The Administration is preparing to respond immediately when the WTO issues its finding on the value of US countermeasures.”

To read the rest of the story, please go to: Business Insider