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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.

The big picture: The U.S. and the European Union have been engaged in tit-for-tat threats to hit one another with billions of dollars worth of tariffs on planes, tractors and food in their long-running aircraft subsidies dispute at the World Trade Organization. A WTO arbitrator is expected to announce a verdict in July, per Politico.

"In the event the Arbitrator issues its decision prior to completion of the public comment process on the supplemental list, the USTR may immediately impose increased duties on the products included in the initial list, and take further possible actions with respect to products on the supplemental list."
— UTSR statement

Why it matters: The Distilled Spirits Council of the United States said the Trump administration’s latest tariff threat would jeopardize U.S. jobs and hurt consumers, according to Reuters. Boeing and a U.S. aerospace trade group officials "urged the U.S. government last month to narrowly tailor any tariffs imposed on the EU over illegal aircraft subsidies to avoid harming American manufacturers," Reuters said.

Go deeper

Updated 1 hour ago - World

Netanyahu is out as new Israeli government survives confidence vote

Photo: Gil Cohen-Magen/AFP via Getty Images

Israel has a new prime minister for the first time since 2009 after a power-sharing government led by Naftali Bennett survived a confidence vote on Sunday. Bennett was sworn in as prime minister.

Why it matters: Benjamin Netanyahu, Israel's longest-serving prime minister and the man around whom Israeli politics have revolved for a decade, will now become opposition leader. Bennett, a right-wing former Netanyahu protege, will lead the most ideologically diverse government in Israeli history.

Updated 1 hour ago - Politics & Policy

Afghanistan, cyber defense on the agenda for Biden in Brussels

Joe Biden arrives at Melsbroek Military Airport in Brussels on June 13. Photo: Yves Herman/POOL/AFP via Getty Images

President Biden touched down in Brussels on Sunday evening ahead of two days of talks with NATO and European Union leaders as part of his first foreign trip as president.

Driving the news: Biden was greeted on the tarmac by Belgian Prime Minister Alexander De Croo and a slate of other officials, including Douglas Jones and Mark Libby, the U.S. Permanent Representatives to NATO and the EU respectively.

Maersk CEO: Global businesses should be wary of politics

Photo: "Axios on HBO"

The CEO of the world's largest container-shipping company cautions that international firms have to be careful of taking political stances.

  • What they're saying: "We cannot run a global business if we start to have views on politics in every single country that we are in," Maersk CEO Søren Skou tells "Axios on HBO."