US tariffs hit $7.5bn of EU goods: a 'lose-lose' situation

E© Tanaonte

Another day, another trade war. The WTO decision to allow the US to impose tariffs on $7.5bn-worth of EU goods is expected to bring about a “lose-lose” situation, for airlines in particular, with 10% tariffs on Airbus aircraft. And Boeing will not be exempt – the WTO has also found that the firm received billions of dollars of illegal subsidies, but is yet to decide on the measures the EU can take in response. Hundreds of European products will get new tariffs, including some ...