US imposes record $7.5 billion tariffs on European goods


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(Worthy News) – The United States on Friday imposed a range of punitive tariffs on European goods.

Washington announced the countermeasures in response to subsidies for Airbus. It is looking to recoup damages of $7.5 billion (€6.7 billion). World Trade Organization (WTO) mediators had greenlighted the move Monday.

The plan includes duties of 10% on Airbus planes and 25% for agricultural products like French wine, Italian cheese, and Scottish whiskey. Tariffs will go into effect at midnight on Friday night. [ Source: Deutche Welle (Read More…) ]

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