The European Union has revealed a list of $12 billion in potential tariffs on American imports in response to the U.S. not removing subsidies on Boeing aircraft.
That move comes a week after the U.S. threatened to impose tariffs on EU imports worth $11 billion because of European Union subsidies given to French aviation manufacturing company Airbus. The U.S. Trade Representative’s Office says those subsidies adversely affect the United States.
The European Union’s tariff threat appears to be targeted at American agriculture, one of President Trump’s biggest support bases. A good number of the proposed tariffs are aimed at ketchup, nuts, tobacco-seed oil, and many other food items. Other products like chocolate, frozen orange juice, vodka, video game consoles, and even bicycle pedals are also on the EU’s proposed tariff list.
In 2011, the World Trade Organization found that Boeing received billions of dollars in subsidies from the U.S. Earlier this month, the WTO said the United States had not removed some of those subsidies.