US Draws Up Plan To Slap Tariffs On $3.1 Billion In European Goods | WHAT REALLY HAPPENED

US Draws Up Plan To Slap Tariffs On $3.1 Billion In European Goods

Back in October, the World Trade Organizations announced that the US could legally retaliate against the EU by slapping new tariffs on some $7.5 billion in European exports as punishment for the Europeans providing illegal government subsidies to Airbus. At the time, we warned that this was like throwing gasoline on the embers of the US-EU trade spat as the Trump administration auto tariffs still loomed large over the global economic landscape.

Since then, the US has imposed some of those tariffs. Now, Robert Lighthizer has a plan for the last $3.1 billion

In keeping with the ruling, the Office of the Trade Rep has finally come up with a list of European goods to be targeted by these tariffs. But Lighthizer & Co. are also planning to increase tariffs on other European goodsfrom aircraft and aircraft parts to dairy products like cheese and yogurt according to a notice published late Tuesday evening outlining the department's actions, and opening a month-long comment period to solicit feedback before pushing ahead.

Review of Action Enforcement of U.S. WTO Rights in Large Civil Aircraft Dispute June 23 2020 by Zerohedge on Scribd.

Webmaster's Commentary: 

(Sigh): This is only going to make trade with Europe worse, not better.

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