The Trump administration targets Airbus with new European Union tariffs


Donald Trump South LawnCarlos Barria/Reuters

The Trump administration announced it would follow through with threats to slap steep tariffs on the European Union on Friday.
The move marked the latest effort to penalize the bloc in a long-running dispute over aircraft subsidies. 
Tariffs will rise from 10% to 15% on aircraft imported from the EU, like Airbus, and will go into effect on March 18.
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The Trump administration announced it would follow through with threats to slap steep tariffs on the European Union on Friday, the latest effort to penalize the bloc in a long-running dispute over aircraft subsidies.

Tariffs will rise from 10% to 15% on aircraft imported from the EU, like Airbus, and will go into effect on March 18. The US has long complained the EU put Boeing at a disadvantage through its financial assistance to Airbus. See the rest of the story at Business Insider

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