The US said the tariff proposal is in response to illegal government support of aircraft maker Airbus and cover everything from sweaters to tweezers.
Olive oil from European Union member countries could get hit with a tariff, based on the Trump administration's newest tariff list.The Trump administration announced a plan to place tariffs on $11 billion worth of European goods as punishment for the European Union's allegedly improper support of aircraft manufacturer Airbus.
The US alleged in a World Trade Organization case that the EU's subsidies for aircraft manufacturer Airbus are a violation of international trade rules and harm the US economy. After years of litigation, Lighthizer said the Trump administration decided to make a move to punish the EU. "The Administration is preparing to respond immediately when the WTO issues its finding on the value of US countermeasures."While the tariffs are not finalized and are subject to the decision by a WTO arbitrator, the proposed list includes a wide variety of items ranging from Airbus aircraft to olives, sweaters, and industrial microwaves.
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