European Union Warns It Will Retaliate Against U.S. with Tariffs

EU Tariffs Plans 100419

The European Union is warning it will retaliate against the U. S. decision to slap tariffs on a range of exports. The Trump administration is deciding to put new import taxes on EU goods worth $7.5 Billion.

The latest tariffs target mainly large aircraft, but may also include products such as olives, whiskey, wine, cheese and yogurt. They take effect October 18. The U.S. is getting the legal go-ahead from the World Trade Organization in a case involving illegal EU subsidies for the plane maker Airbus.