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Carlos Barria/ Reuters
The Trump administration announced it would follow through with threats to blow immerse tariffs on the European Union on Friday. The move differentiated the latest effort to penalize the bloc in a long-running dispute over aircraft subsidies. Tariff will be increased from 10% to 15% on aircraft imported from the EU, like Airbus, and will go into effect on March 18. Visit Business Insider’s homepage for more narratives.
The Trump administration announced it would follow through with threats to slap engulf tariffs on the European Union on Friday, the latest effort to penalize the alliance in a long-running dispute over aircraft subsidies.
Tariffs will rise from 10% to 15% on aircraft imported from the EU, like Airbus, and will go into effect on March 18. The US has long grumbled the EU set Boeing at a drawback through its financial assistance to Airbus. See the rest of the story at Business Insider
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