BRUSSELS/WASHINGTON (Reuters) – The European Union is poised to move next week to impose tariffs on $4 billion of U.S. imports in retaliation for U.S. subsidies for planemaker Boeing, EU diplomats said, teeing up an eleventh-hour showdown with U.S. President Donald Trump.
A majority of EU governments have backed imposing the widely expected tariffs once EU trade ministers meet next Monday – the latest twist in a transatlantic trade saga that has spanned 16 years and four U.S. presidents.
Democratic presidential candidate Joe Biden is edging closer to victory in the U.S. election, but Republican Trump would remain president until Jan. 20 and has plenty of leeway to increase U.S. tariffs on Europe that were imposed in a parallel case over subsidies for Airbus.
