• Trump's tariff threat is hitting Airbus, Rolls Royce, and Rémy Cointreau shares as traders weigh fallout

    2 monthes ago - By Business Insider

    Airbus and European aerospace, food, drink, and clothing stocks fell after the Trump Administration threatened tariffs on $11 billion of EU imports in retaliation for Airbus subsidies.
    The targeted products include non-military helicopters and aircraft, seafood, cheeses, wines, fruits, sweaters, knives, pajamas, paintbrushes, and wall clocks.
    Some of the biggest losers included Rolls-Royce, Meggitt, and Associated British Foods. IAG, owner of British Airways, slumped.
    Jefferies highlighted Rémy Cointreau, owner of spirit brand Rémy Martin, as especially vulnerable.
    Airbus stock dropped and...
    Read more ...

     

  • In a broadside against Airbus, U.S. pursues aircraft tariffs

    In a broadside against Airbus, U.S. pursues aircraft tariffs

    2 monthes ago - By Washington Post

    The U.S. Trade Representative announced that it would seek tariffs on European aircraft parts as well as a grab-bag of consumer goods.
    Read more ...

     

  • Trump's tariff threat is hitting Airbus, Rolls Royce, and Rémy Cointreau shares as traders weigh fallout

    Trump's tariff threat is hitting Airbus, Rolls Royce, and Rémy Cointreau shares as traders weigh fallout

    2 monthes ago - By Business Insider

    Airbus and European aerospace, food, drink, and clothing stocks fell after the Trump Administration threatened tariffs on $11 billion of EU imports in retaliation for Airbus subsidies.
    The targeted products include non-military helicopters and aircraft, seafood, cheeses, wines, fruits, sweaters, knives, pajamas, paintbrushes, and wall clocks.
    Some of the biggest losers included Rolls-Royce, Meggitt, and Associated British Foods. IAG, owner of British Airways, slumped.
    Jefferies highlighted Rémy Cointreau, owner of spirit brand Rémy Martin, as especially vulnerable.
    Airbus stock dropped and...
    Read more ...

     

  • The EU is already getting ready to fire back at Trump's proposed $11 billion tariff hit over Airbus

    The EU is already getting ready to fire back at Trump's proposed $11 billion tariff hit over Airbus

    2 monthes ago - By Business Insider

    The EU is reportedly preparing to retaliate against the US's latest tariff proposals.
    The Trump administration proposed tariffs on $11 billion worth of European products Monday.
    The escalations mark the latest in a long-running dispute over aircraft subsidies.
    The European Union is ready to hit back against the Trump administration's latest tariff proposals, setting the stage for another trade dispute with some of the US's largest business partners.
    The US Trade Representative on Monday proposed tariffs on up to $11 billion worth of European products , ranging from food staples to...
    Read more ...

     

  • From jets to cheese: US wants to put new tariffs on EU

    2 monthes ago - By Chron

    LONDON - The United States wants to put tariffs on $11.2 billion worth of EU goods - from airplanes to Gouda cheese and olives - to offset what it says are unfair European subsidies for plane maker Airbus.
    While the size of the tariffs is small compared with the hundreds of billions the U.S. and China are taxing in their trade war, it suggests a breakdown in talks with the European Union over trade at a time when the economy is already slowing sharply.
    The U.S. and EU have been negotiating since last year about how to avoid tariffs that President Donald Trump has wanted to impose to reduce...
    Read more ...

     

  • US will ‘put tariffs on $11 billion of EU products' - Trump

    US will ‘put tariffs on $11 billion of EU products' - Trump

    2 monthes ago - By RT

    US President Donald Trump has vowed to impose import tariffs on $11 billion worth of goods from the European Union after the World Trade Organization ruled EU subsidies to Airbus caused “adverse effects” to the US.
    Read more ...

     

  • Trump vows to put tariffs on $11 billion of EU products

    2 monthes ago - By Reuters

    U.S. President Donald Trump on Tuesday said the United States would impose tariffs on $11 billion of products from the European Union, a day after the U.S. Trade Representative proposed a list of targeted products as retaliation for European aircraft subsidies.
    Read more ...

     

  • The US is threatening the EU with $11 billion in sanctions over subsidies to Airbus, just as its main rival Boeing endures its most difficult period in decades

    The US is threatening the EU with $11 billion in sanctions over subsidies to Airbus, just as its main rival Boeing endures its most difficult period in decades

    2 monthes ago - By Business Insider

    The US has outlined $11.2 billion in possible sanctions on EU products, citing subsidies to its largest aircraft maker, among other issues.
    The US Trade Representative said Monday that the World Trade Organization "repeatedly" found that EU subsidies to France-based Airbus "caused adverse effects" to the US.
    The move continues a long-running rivalry in which the US and EU accuse each other of unfairly subsidizing aircraft manufacturers.
    The threat also comes as Boeing, Airbus' largest rival, faces its biggest crisis in decades over two fatal plane crashes that could threaten the reputation...
    Read more ...

     

  • US proposes $11bn in tariffs on European products over Airbus subsidies

    US proposes $11bn in tariffs on European products over Airbus subsidies

    2 monthes ago - By RT

    The US Trade Representative said on Monday it was weighing tariffs on billions of dollars' worth of goods from the European Union in retaliation to the subsidies allegedly provided to Boeing's rival, Airbus.
    Read more ...