Trump Eyes More Airbus Tariffs: Hey, Why Not?

Trump Eyes More Airbus Tariffs: Hey, Why Not?
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Please consider U.S. May Increase Tariffs After WTO Rejects EU Claims Over Airbus . The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus, prompting the United States to say it could increase retaliatory tariffs on a wider range of European goods. U.S. Trade Representative Robert Lighthizer said the decision affirmed that European subsidies to Airbus continued to harm the U.S. aerospace industry, and strong action was required to eliminate such market-distorting subsidies. The United States was in October awarded the right to impose tariffs on $7.5 billion of annual EU imports in its case against Airbus. It went ahead with partial tariffs on most Airbus jets and products from cheese to olives and single-malt whisky. Hey, Why Not? Tariffs are economically foolish in general. The WTO has ruled the US is guilty of subsidizing Boeing. EU retaliation rights are due next year. Amounts expected to be similar. This dispute has been going on for 15 years. Has anyone won but the lawyers? Digital Tax Retaliation The US is preparing tariffs on $2.4bn (£1.85bn) worth of French exports as retaliation against the country’s new digital services tax. The [digital] tax will go into effect retroactively from early 2019 and is expected to raise about €400m this year. About 30 companies are expected to pay it, mostly US firms such as Alphabet, Apple, Facebook, Amazon and Microsoft. Amazon has already responded by raising fees for French businesses by 3%. Steel Tariffs […]

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