The Presidential Daily Brief

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    US Floats New Tariffs Against EU

    The U.S. Trade Representative’s office has proposed levying new tariffs on another $4 billion worth of European Union imports, in addition to the $21 billion in potential penalties announced in April. The tariffs — the latest salvo in a protracted dispute over EU and US subsidies for planemakers Airbus and Boeing — would target cheese, olives, pasta and whiskies, among other goods.

    When would they take effect? Washington’s holding off until the World Trade Organization issues a final ruling, expected later this year, on whether sanctions would be an appropriate response to what the WTO has already found to be unfair subsidies by both sides.

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