United States imposes record $7.5 billion in tariffs on European goods

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With the blessing from the World Trade Organization (WTO), the Trump administration imposed punitive tariffs on EU goods on Friday in retaliation for the European plane maker Airbus receiving illegal subsidies.

The US measures include duties of 10 percent on Airbus planes and 25 percent on agricultural products like French wine, Italian cheese and Scotch whisky.

French Economy Minister Bruno Le Maire criticized the move hours before the tariffs were due to come into effect.  “We, Europeans, will take similar sanctions in a few months, maybe even harsher ones — within the framework of the WTO — to retaliate to these US sanctions,” he said.

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