Economics
Europe Targets U.S. Coal, Farms in Election-Year Trade Staredown
- Europe could impose tariffs against the U.S. as soon as July
- States like Missouri, Louisiana could be affected by tariffs
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Transatlantic relations could reach a new low next month as the European Union readies tariffs on billions of dollars of American exports aimed at politically important industries for President Donald Trump and his Republican allies in Congress.
The EU has asked the World Trade Organization to give it the green light to place levies on $11.2 billion of U.S. products over a long-running aircraft subsidies dispute. A ruling is expected as soon as July and the EU is planning to target coal producers, farmers and fisheries, in addition to the makers of aircrafts and parts.