AGRICULTURE/AIRLINE INDUSTRY/EU/TARIFFS/TRUMP AS PRESIDENT/WTO: “The Trump administration said Wednesday [10-2-19] 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. The tariffs are part of a long-running complaint over subsidies given to the European plane maker Airbus and are intended to allow the United States to recoup some of the losses the American plane maker Boeing sustained because of Europe’s trade practices. The ruling on Wednesday gives the go-ahead for the United States to impose enough tariffs to block $7.5 billion in trade from Europe annually, until the two sides reach a negotiated settlement, or the organization decides that Europe is in compliance with its rules. The tariffs could raise prices for American companies and customers who import products from Europe, affecting airlines, manufacturers and consumers at the grocery store.”
–Ana Swanson, “U.S. to Tax European Aircraft, Agriculture and Other Goods,” The New York Times online, October 2, 2019