Posted: Apr 12, 2019
The Trump administration is threatening to tax a lot of European imports. According to the Guardian, the president released a 14-page list of suggested tariffs on EU goods. If the plans go forward, it would mean wine, cheese, olive oil, yogurt, and countless other products would skyrocket in price. Not cool.
The trade tariffs-which would be a very literal buzz kill for Americans-are reportedly Trump's response to the Airbus. The European Union's subsidized aircraft manufacturer is Boeing's key competitor. So basically, the commander-in-chief is just throwing a temper tantrum. However, I'd suggest next time he wants to provoke several nations over something petty, it doesn't effect me and my wine budget.
"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!" He wrote on Twitter. "The EU has taken advantage of the U.S. on trade for many years. It will soon stop!"
Basically, everything from champagne and escargot to citrus fruits, jams, and chocolate milk could be getting a price increase. Trump's actions are seemingly intended to spite specific countries in what the Guardian is calling "symbolic targets." So, what other grocery store faves are under threat? Eater cites crab, butter, Roquefort, Gruyere, oysters, olives, certain fruit juices, brandy, kitchen knives, wine, and more. UGH.
Airbus is reportedly gearing up for a fight and has claimed there is "no legal basis" for the tariffs. A spokesperson for the manufacturer told the Guardian that they've met "relatively minor" requirements by the World Trade Organization.
"The Commission is starting preparations so that the EU can promptly take action based on the arbitrator’s decision on retaliation rights in this case," a spokesperson for the European Commission said, according to Reugers. "The European Union remains open for discussions with the United States, provided these are without preconditions and aim at a fair outcome."
By Megan Schaltegger,
April 11, 2019
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