Trump hails 'nice victory' as EU cheese and whisky makers whine European countries in Airbus consortium - UK, France, Spain and Germany - face punitive measures from US in trade war. 3 Oct 2019
The United States has proposed retaliatory tariffs on several European products, including cheese and wine [Justin Sullivan/Getty Images/AFP] more on Trade War
United States President Donald Trump has heralded a "nice victory" after his country got the green light to place tariffs on European Union goods in a row over EU aircraft subsidies.
Trump said Thursday morning on Twitter that the EU "has for many years treated the USA very badly on Trade due to Tariffs, Trade Barriers, and more. This case going on for years, a nice victory!"
But Wednesday's decision by the World Trade Organization (WTO) left Scottish whisky makers, French cheese makers and Spanish winemakers fuming as the US tariffs targeted products from countries in the Airbus consortium - which includes the United Kingdom, France, Spain and Germany.
German engineers worried that the row over subsidies granted to the European planemaker was leading to "a table tennis match" over transatlantic tariffs, as France warned of subsequent retaliation by the EU.
The WTO decision gave the US the go-ahead to impose tariffs on $7.5bn worth of EU goods annually in the long-running case.
The dispute darkens the global economic outlook, which already has the cloud of the US-China trade dispute hanging over it. Washington and Beijing have imposed tariffs on hundreds of billions of dollars' worth of each other's goods.
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Poster Comment:
You want some whine with that cheese?