U.S. threatens to hit EU with $4 billion in additional tariffs

President Donald Trump sits with United States Trade Representative Robert Lighthizer in the Oval Office of the White House in Washington, DC, on January 23, 2018.
Trade Representative Robert Lighthizer and President Trump. Photo: Jim Watson/AFP/Getty Images

The U.S. Trade Representative’s office threatened Monday tariffs on $4 billion worth of EU goods in retaliation for European subsidies on Boeing's rival Airbus.

Details: The UTSR published a list of 89 tariff sub-categories that could be affected, on top of products worth $21 billion the U.S. threatened to hit in April. Under the proposal, goods including olives, pork, cheese and whiskey would be affected.

As Boeing struggles, Airbus secures $35 billion jet deal with China

Airbus secured a huge contract with China during a state visit by the Chinese president to Paris.
The order is for 290 A320 jets and 10 A350s. Photo: Daniel Reinhardt/picture alliance via Getty Images

As Boeing battles to get its bestselling fleet airborne again, European rival Airbus said Monday it's signed a $35 billion jet deal with China.

The details: Airbus secured the deal during a state visit by China's President Xi Jinping to Paris. The order is for 290 A320 planes and 10 jets from the A350 line.

The other side: Boeing announced it would provide free software upgrades to airlines that had bought the 737 MAX jets that have been grounded, pending the outcome of a safety investigation following 2 fatal crashes in less than 6 months.

  • Ethiopian Airlines told Reuters it expected preliminary findings into the cause of the crash that killed 157 people this week or next.
  • The Transportation Department said it would review the Federal Aviation Administration’s safety approval process for Boeing's 737 MAX aircraft.