U.S. widens trade war with tariffs on Airbus planes, French cheese, Scotch whisky

By Tim Hepher, Philip Blenkinsop and David Lawder LONDON/BRUSSELS/WASHINGTON (Reuters) - The United States on Wednesday said it would enact 10% tariffs on European-made Airbus planes and 25% duties on French wine, Scotch and Irish whiskies and cheese from across the continent as punishment for illegal EU aircraft subsidies. The announcement came after the World Trade Organization gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually in the long-running case, a move that could ignite a tit-for-tat transatlantic trade war. The U.S.

The post U.S. widens trade war with tariffs on Airbus planes, French cheese, Scotch whisky appeared first on Firstpost.

from Firstpost https://ift.tt/2nPmji5
via IFTTT