U.S. Weighs More Tariffs on European Goods as Trade Talks Falter



Steve Goldstein | Barron's

The U.S. Trade Representative said it is considering additional tariffs on $3.1 billion worth of products from France, Germany, Spain, and the U.K.

The disclosure, filing about the AirbusBoeing dispute, said it is targeting new products for tariffs, including olives, gin and trucks, while increasing tariffs for aircraft and yogurt.

The tariffs are permitted by the World Trade Organization after its ruling in favor of Boeing.

The U.S. already has a 15% tariff on Airbus aircraft.

“Talks between the U.S. and EU aimed at reaching agreement over a range of trade issues have slowed down in recent months, and a quick deal no longer seems likely,” said Clayton Allen, an analyst at Height Securities.

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