This IS big business….
With Boeing having issues with its 737Max aircraft?
It might not be too smart…
Donald Trump seems to be single handily working to exclude American products on the world markets….
The United States and the European Union are preparing to levy tit-for-tat tariffs on each other’s products as part of a long-running dispute over the aerospace industry, the latest escalation in a 14-year fight over government aid given to Boeing and European rival Airbus.
“The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of EU products!” President Trump said in a tweet on Tuesday morning. “The EU has taken advantage of the U.S. on trade for many years. It will soon stop!”
The United States Trade Representative said Monday night that it was preparing a list of European products to tax in response to European subsidies given to Airbus. That prompted the European Union to announce that it was also readying a list of tariffs to counter American subsidies to Boeing.
The move comes amid tense trade relations between the United States and Europe, which are engaged in tit-for-tat tariffs related to Mr. Trump’s decision last year to impose them on European steel and aluminum. Mr. Trump has also threatened to impose tariffs on European cars and car parts if the European Union does not agree to better trade terms for American products…..