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Wed, May

 

 

Donald Trump has threatened to impose US tariffs on $11bn (£8.4bn) of goods from the EU, raising the stakes in the transatlantic trade dispute between the world’s two largest economic superpowers.

The Trump administration announced the additional levies on EU goods – including roquefort and stilton cheese, wine and aircraft parts – as a response to subsidies for Airbus, the European aerospace and defence group, which it said were harmful to the US. The latest threat by the White House to slap higher import tariffs on a major trading partner comes after a long-running dispute between the US and the EU over their state subsidy support for Airbus and Boeing, the world’s two biggest civil aerospace firms. The tit-for-tat battle stretches back almost 15 years, with both sides arguing their case at the World Trade Organization, the global arbiter of trading disputes, to set the size of any appropriate countermeasures to state subsidies.

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