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Zero Hedge — EU To Slap Boeing And Other US Goods With $4 Billion In Tariffs

Summary:
"The U.S. has imposed their tariffs following the WTO ruling in (the) Airbus case. Now we have a WTO ruling also in Boeing, allowing us to impose our tariffs, and that's what we are doing," Dombrovskis told reporters. "Of course, we remain open for a negotiated solution. Our proposal remains on the table that both sides withdraw their tariffs," he said but noted that despite several appeals, "so far, the U.S. has not agreed to withdraw their tariffs."Trade war heats up.Zero HedgeEU To Slap Boeing And Other US Goods With Billion In Tariffs Tyler Durden

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"The U.S. has imposed their tariffs following the WTO ruling in (the) Airbus case. Now we have a WTO ruling also in Boeing, allowing us to impose our tariffs, and that's what we are doing," Dombrovskis told reporters.

"Of course, we remain open for a negotiated solution. Our proposal remains on the table that both sides withdraw their tariffs," he said but noted that despite several appeals, "so far, the U.S. has not agreed to withdraw their tariffs."

Trade war heats up.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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