"The tariffs will be applied to a range of imports from EU Member States, with the bulk of the tariffs being applied to imports from France, Germany, Spain, and the United Kingdom," the Office of the U.S. Trade Representative said.
The announcement was paired with the release of an eight page listing of products - as other than a 10 percent tariff on new airplanes, everything else would get a 25 percent tariff.
*U.S. TO SET ADDITIONAL TARIFFS ON IRISH, SCOTCH WHISKIES
— Mike Dorning (@MikeDorning) October 2, 2019
The estimated $7.5 billion in new tariffs will add to an escalating amount of money being collected by Uncle Sam from American businesses who import products from overseas.
During a meeting with the leader of Finland, President Trump said his goal is “to improve international trade based on the principle of fairness and - my favorite word - reciprocity,” as Mr. Trump says too often U.S. made goods are being blocked by trade barriers in other countries.
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