Updated Apr 10, 2019 - Economy & Business

Trump administration threatens EU with tariffs over Airbus subsidies

President Trump with U.S. Trade Representative Robert Lighthizer. Photo: Jim Watson/AFP/Getty Images

U.S. Trade Representative Robert Lighthizer on Monday threatened the EU with $11 billion in trade tariffs — targeting products including large commercial aircraft and some wines and cheese — in response to European subsidies for Boeing's rival Airbus.

The other side: A European Commission spokesperson said Tuesday it was "starting preparations so that the EU can promptly take action based on the arbitrator’s decision on retaliation rights in this case."

Details: Lighthizer said the World Trade Organization found the subsidies repeatedly caused adverse effects to the U.S. and the case had been in litigation for 14 years. "Our ultimate goal is to reach an agreement with the EU to end all WTO-inconsistent subsidies to large civil aircraft," he said. "When the EU ends these harmful subsidies, the additional U.S. duties imposed in response can be lifted."

Go deeper

Axios
Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 12,220,166 — Total deaths: 553,438 — Total recoveries — 6,696,632 — Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,111,902 — Total deaths: 133,195 — Total recoveries: 969,111 — Total tested: 38,032,966 — Map.
  3. Public health: More young people are spreading the virus — Cases rise in 33 states — Florida reports highest single-day death toll since pandemic began.
  4. Science: World Health Organization acknowledges airborne transmission of coronavirus.
  5. 1 🐂 thing: How the world could monitor for potential pandemic animal viruses.
Go deeper (<1 min. read)Arrow
Axios
5 hours ago - Podcasts

Inside Joe Biden's economic plan

Joe Biden on Thursday returned to his hometown of Scranton, Pennsylvania, to give his first major speech on economic policy since becoming the Democratic Party’s presumptive presidential nominee.

Axios Re:Cap digs into Biden's plans, how they developed and how they may change, with former U.S. Commerce secretary and campaign surrogate Penny Pritzker.

Dave Lawler
5 hours ago - World

Countries grapple with whether to lock back down as hotspots emerge

Tokyo in the time of coronavirus. Photo: Charly Triballeau/AFP via Getty

Many politicians and public health officials sounded a similar lockdown refrain in the spring: let’s do this right so we only have to do it once.

Reality check: While some countries have thus far managed to keep cases under control after opening up, dozens of countries that had initially turned a corner are now seeing a worrying rebound. They have to decide if and how to return to lockdown — and whether their populations will stand for it.

Go deeper (2 min. read)Arrow