The United States will impose $7 billion of retaliatory tariffs on the European Union for the subsidies to Airbus. This issue was ruled on by an arbitrator at the World Trade Organization on Wednesday. These additional tariffs are scheduled to go into effect on October 18th, 2019.
There will be a 10 percent tariff on large civil aircraft and a 25 percent tariff on some European food products, British apparel, blankets and bed linen, some Irish and Scotch whiskey, German or British hand tools, lenses, books and self-propelled heavy equipment. The Federal Register notice was issued today.