EU To Be Slapped With $7.5 Bil In US Tariffs

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The Trump administration via U.S. Trade Rep Robert Lighthizer and Commerce Secretary Wilbur Ross won a massive $7.5 billion award as an outcome of the World Trade Organization agreeing with the U.S. against the EU and Airbus subsidies. The WTO arbitrators decision is final and cannot be appealed. This win sets the stage for President Trump to deploy $7.5 billion in countervailing duties against products from the EU.

Keep in mind, a final WTO ruling means the EU cannot retaliate against any WTO-authorized countermeasures. The downstream ramifications are very significant. Think about it: at 25% the U.S. could tariff $30 billion in EU goods. More

You’ve got till October 18th to stock up on French wine and cheese and Scotch and Irish whiskey, before the tariffs kick in. Here

13 Comments on EU To Be Slapped With $7.5 Bil In US Tariffs

  1. Best be careful using that hammer. The global economy
    is already crappy and balanced on an undigestable mass
    of imaginary “wealth” in derivatives and junk.

    3
  2. Works for me as long as Soros no longer has access for his DEPENDS..
    Nods grool, it will never be enough!

    3
  3. Is it $7.5B in tariffs or is it tariffs on $7.5B in European goods?

    The links contradict each other.

  4. @A C

    The WTO has ruled that the United States can impose up to $7.5 billion in tariffs on EU goods and since each is part of the WTO, the Europeans have to either take it or stop the subsides to Airbus. They can’t retaliate with their own tariffs against our goods.

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  5. ^ Thanks. That’s what I had gleaned from other reports. The reporting at CTH makes it sound like a $7.5B windfall and that’s wrong.

    1
  6. The secession of the Southern states that eventually became the non-Civil War started with the imposition of tariffs on foreign imports that were competing with Northern industrialists. The battle was initiated in Congress and the Southern states that were economically dependent on foreign goods to survive were outvoted on the tariffs the North wanted. It was the Northern industrialists that wanted and started the actual warfare. They depended on the Southern states’ buying their goods at gauging prices and basically were thieves ripping off the agricultural South on whose products they depended. It was economic political warfare on which the issue of slavery was just a side effect at the end. History has been so fictionalized so as to hide unpleasant truths. Which also goes for how dependent Americans have been on European goods without even knowing it. We are so dumbed down!

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  7. @tRuth, nice to see somebody knows the truth.
    After years of made up history, I’m surprised the truth is still out there.
    The Yankees didn’t care a whit about the darkies.
    Yankees wanted cotton the darkies picked, the indigo dye, the rice grown, they wanted it cheap.
    They invested a lot of money in machinery and the South wasn’t in their money making club.
    Funny enough, abolitionist Eli Whitney invented the cotton gin, 1763.
    This invention made cotton suddenly hugely profitable.
    Exploded the slave population.

    3
  8. Damn it; Whisky is already expensive. I just wish Trump wasn’t a Tee-Total-er and would leave out the Whisky tariffs.

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