News Update :

U.S. to Impose Tariffs on $7.5 Billion of EU Imports After WTO’s Airbus Ruling

NEWS ALERT : U.S. to Impose Tariffs on $7.5 Billion of EU Imports After WTO's Airbus Ruling

The Trump administration will move swiftly to implement tariffs on $7.5 billion of imports from the European Union, following a decision from the World Trade Organization earlier that authorized tariffs due to EU subsidies of Airbus SE. 

The Office of the U.S. Trade Representative will impose the tariffs on Oct. 18, according to a senior USTR official, in what will be the largest escalation of tariffs against Europe since the U.S. imposed tariffs on steel and aluminum imports last year.

Impact : Medium 
Sentiment : Good for Dollar , Good for Safe Haven.

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