“The EU has been handed the right to hit almost $4bn-worth of US goods with punitive tariffs in retaliation for illegal state aid to Boeing, leading Brussels to ramp up calls for a final settlement to the two sides’ 16-year aircraft dispute.” – by Jim Brunsden, Peggy Hollinger and Aime Williams
Boeing
U.S. Cranks Up Tariff Heat on France, Germany in Airbus Dispute (Bloomberg)
“The U.S. stepped up pressure on Germany and France with extra tariffs on some of their goods, a move designed to squeeze the European Union into settling a long-running dispute over illegal subsidies to Airbus SE.” – by Brendan Murray and Jenny Leonard
U.S. to Tax European Aircraft, Agriculture and Other Goods (NY Times)
“The Trump administration said Wednesday that it would impose tariffs on European aircraft, French wine and cheese, Spanish olive oil and other goods starting Oct. 18, after the World Trade Organization granted the United States permission to tax as much as $7.5 billion of European exports annually.” – by Ana Swanson