Europe

The U.S. imposed duties of 30-45 percent duties on Spanish olives last year.

Lawmakers representing districts with Boeing facilities have run out of patience over an aerospace subsidy dispute between the U.S. and European Union that has spanned over a decade, calling this week for the Trump administration to impose tariffs on the EU for “launch aid” subsidies to Airbus that the World Trade Organization has ruled are violations.

“Let us at least consider imposing the same restriction on them that they do on us: require that they not sell cheeses by these names into our market, as long as we are locked out of theirs.”

 “The WTO has served us well, and it is only if we have the rules and enforcement in that context that we can make sure that they are global and that they apply to everybody.”

Unilateral trade actions taken by the United States are pushing the European Union and China close together and preventing the U.S. and Brussels from coordinating action to confront illicit Chinese trade practices, several trade analysts said on Tuesday.

Harley Davidson reports a slump in earnings due in part to “European Union and China tariffs imposed on the company's products shipped from the U.S., as well as incremental U.S. tariffs on certain items.”

PIIE's Hufbauer says the U.S. could invoke Section 891 of the Internal Revenue Code to “double income tax rates on foreign citizens and corporations.”

Canada, EU react: “The U.S. decision to allow suits against foreign companies can only lead to an unnecessary spiral of legal actions.”

Wine, ketchup, liquor and agricultural goods are among those set to be hit with tariffs once a WTO arbiter decides how much retaliation is allowed.