Trump’s EU-US Trade War – A Ticking Time Bomb?

Despite striking a deal with the EU on a four-month freeze of the tariffs they slapped on each other over subsidies for aerospace giants Boeing and Airbus, the new US administration is still in a troubling trade war situation with Brussels. The previous US president left his successor with a ticking time bomb as a consequence of US duties placed on steel and aluminum in 2018. In retaliation, the EU introduced duties on prime American exports like bourbon whiskey, jeans, orange juice, tobacco, peanut butter, yachts and Harley-Davidson motorcycles – tariffs that are about to double in June 2021 through an automatic component of Brussels’ response from 2018.

Source: Politico