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EU poised to impose $4 billion in tariffs on US goods this week


Source: Global Ag Meida/The Pig Site, 9 November 2020, photo credit: Regional Anti-Corruption Initiative

Reuters reports that European diplomats are preparing for an eleventh-hour showdown with President Trump.

A majority of EU governments have backed imposing the widely expected tariffs once EU trade ministers meet next Monday – the latest twist in a transatlantic trade saga that has spanned 16 years and four US presidents.

Though Joe Biden won the US election on 7 November, Donald Trump remains in office until 20 January and has plenty of leeway to increase US tariffs on Europe that were imposed in a parallel case over subsidies for Airbus.
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