Economics
U.S. Targets $3.1 Billion of EU and U.K. Imports for New Tariffs
- U.S. ‘carousel’ tariffs could target a new slate of EU goods
- EU awaiting a WTO ruling to authorize duties on U.S. products
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The U.S. is weighing new tariffs on $3.1 billion of exports from France, Germany, Spain and the U.K., adding to an arsenal the Trump administration is threatening to use against Europe that could spiral into a wider transatlantic trade fight later this summer.
The U.S. Trade Representative wants to impose new tariffs on European exports like olives, beer, gin and trucks, while increasing duties on products including aircrafts, cheese and yogurt, according to a notice published late Tuesday evening. The statement lays out a month-long public comment period ending July 26.