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Tuesday, April 09, 2019, 21:11
Trump says he'll put tariffs on US$11b in EU goods
By Associated Press
Tuesday, April 09, 2019, 21:11 By Associated Press

US President Donald Trump speaks with the media after stepping off Marine One on the South Lawn of the White House, March 24, 2019, in Washington. (Alex Brandon / AP)

WASHINGTON — US President Donald Trump said he'll put tariffs on US$11 billion worth of European Union cheese, wine and other goods to retaliate for what Washington said were improper subsidies to Airbus.

A preliminary list of EU goods facing additional US duties includes everything from aircraft and aircraft parts to cheese and wine.

The US trade representative said Monday that the World Trade Organization repeatedly has found that EU subsidies to the European aircraft maker have caused "adverse effects" to the US.

READ MORE: EU parliament committee backs start of US trade talks

Trump tweeted Tuesday that he "will now put Tariffs on $11 Billion of EU products! The EU has taken advantage of the US on trade for many years. It will soon stop!"

A preliminary list of EU goods facing additional US duties includes everything from aircraft and aircraft parts to cheese and wine.

The list was released for public comment, subject to arbitration at the WTO. Results are expected this summer.

ALSO READ: EU trade chief says no support for comprehensive US trade deal

Meanwhile, the European Union has begun preparations to retaliate over Boeing subsidies, an EU official said on Tuesday.

A European Commission source said the level of proposed US countermeasures was "greatly exaggerated", adding the amount of retaliation could only be determined by a World Trade Organization arbitrator. "In the parallel Boeing dispute, the determination of EU retaliation rights is also coming closer and the EU will request the WTO-appointed arbitrator to determine the EU's retaliation rights," the Commision source said, adding the Commission was preparing so that it could take action after the arbitrator's decision.

Airbus said it saw no legal basis for the US move and warned of deepening transatlantic trade tensions.

The European Union is already facing US tariffs on its steel and aluminium exports.

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