US To Impose Tariffs On $7.5 Billion In EU Imports Starting Oct 18

by Tyler Durden
Wed, 10/02/2019 - 16:09

In the aftermath of today's surprising WTO decision, in which the global trade mediator sided with the US in finding some $7.5BN in European Airbus subsidies illegal, moments ago the US Trade Rep confirmed that the US will waste no time in retaliating to what - for years - were illegal trade practices.

According to the USTR office, the US will impose a total of $7.5 billion in retaliatory tariffs on EU imports starting October 18, with 10% tariffs on large commercial aircraft, and 25% on agricultural and other industrial goods.

U.S. WILL IMPOSE TARIFFS ON $7.5 BILLION OF EUROPEAN UNION IMPORTS BEGINNING OCT. 18, USTR SAYS
U.S. WILL IMPOSE 10% TARIFFS ON LARGE COMMERCIAL AIRCRAFT AND 25% TARIFFS ON OTHER AGRICULTURAL AND INDUSTRIAL GOOD

The USTR also noted that its would publish the full list of items subject to tariffs over the next day.

https://www.zerohedge.com/economics/us-impose-tariffs-75-billion-eu-imports-starting-oct-18