I'm a breaking news reporter for Forbes focusing on economic policy and capital markets. I completed my master’s degree in business and economic reporting at New York University. Before becoming a journalist, I worked as a paralegal specializing in corporate compliance.
of American goods the E.U. can now tax includes frozen fish, citrus fruit, vegetables, tobacco, leather goods, wine, and airplanes. —it must first request authorization from the WTO.
The U.S. last year imposed its own tariffs on a spate of European products including cheese, wine, and olive oil after the WTO gave it permission to tax up to $7.5 billion in exports from the E.U. every year.It’s still possible that the E.U. will reach a settlement with the U.S. that will preclude it from levying the new tariffs. The WTO’s decision stems from a 16-year trade dispute between the United States and Europe over subsidies the E.U. gave to French aircraft giant Airbus, which the U.S.
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