Thursday 24th of October 2019

tax on your exquisite EU cheese platter from the IQ man who only eats shit-food...

aboeingbus

The Tariff Man is on track to hit hard again this summer, and it's bad news for EU companies ranging from Dutch cheesemakers to industrial heavyweight Airbus.

European Commissioner for Trade Cecilia Malmström warned the EU's trade ministers at a meeting on Monday that they need to steel themselves for U.S. President Donald Trump to hit billions of euros worth of European goods with tariffs, ramping up a decadeslong dispute over unwarranted subsidies for Airbus.

Three officials in the room said Malmström warned them that the U.S. has rejected attempts to negotiate a deal on aviation subsidies and added that Washington is now willing to proceed with the tariffs, which would be legal under World Trade Organization (WTO) rules.

"We should brace for this," the officials cited Malmström as saying.

Although the WTO ruled that not only Airbus but also its American competitor Boeing benefited from illegal state aid, the U.S. case against Airbus is more advanced. Washington said last month it wants to levy retaliatory tariffs on up to $21 billion of European products, a decision that still needs to be confirmed by a WTO arbitrator. The verdict is expected to come in July.

"There is a big probability that the U.S. will apply these tariffs as soon as the WTO arbitrator has ruled," said one EU diplomat who attended Malmström's briefing. The diplomat added that the U.S. duties would likely hit the EU by the end of July or early August: "It's what this U.S. administration likes."

An official from the Office of the U.S. Trade Representative said that Washington has stressed throughout the dispute that it is seeking a negotiated outcome. “It is our hope and expectation that the additional duties, if needed, will provide an incentive for the EU, once and for all, to stop subsidizing Airbus in ways that have adverse effects on the United States,” the official said.

 

Read more:

https://www.politico.eu/article/eu-told-to-brace-for-multi-billion-trump...

 

Picture at top by Gus Leonisky.

 

Note: not only Airbus but American competitor Boeing also benefited from illegal state aid. This is a fact that will escape our super IQ genius on a windy day (if the EU case is "not as advanced" as that of the USA is only due to the way the US administration has been hiding the facts). The REAL adverse effects on the United States is that Boeing made shitty planes called the 787 MAX 8 that killed nearly 300 people recently. This is far more damaging than subsidies. As well the way the USA has waged ILLEGAL WARS IS A HORRENDOUS BEHAVIOUR — and the entire world should be compensated for this US crap.

his IQ number came from a lucky dip at a school fete...

....

“Part of it comes from his insecurities about not being perceived as intelligent,” a former White House official added.

In recent years, Trump has accused Rep. Maxine Waters (D-Calif.), actor Robert De Niro, Washington Post staffers, former President George W. Bush, comedian Jon Stewart, Republican strategist Rick Wilson, MSNBC host Mika Brzezinski, and Rick Perry, now his Energy secretary, of having low IQs.

He once suggested he’d like to compare his IQ to that of then-Secretary of State Rex Tillerson, adding, “And I can tell you who is going to win.” He privately mocked former Attorney General Jeff Sessions’ intelligence, according to a former White House official. All the while, Trump has claimed his Cabinet has the highest IQ of any assembled in history.

“Sorry losers and haters, but my I.Q. is one of the highest -and you all know it! Please don't feel so stupid or insecure, it's not your fault,” Trump tweeted in 2013

Just last week, the president again referred to himself as an “extremely stable genius,” and he has spent years insisting has a high IQ score, though he has never revealed the exact number. When a Twitter critic challenged him in 2013 to prove his high IQ, Trump responded simply, “The highest, asshole!”

Democrats are increasingly fed up with Trump's name calling, encouraging journalists to ignore it altogether and arguing it's a sign that the president isn't serious about policy or governing.

Trump has been obsessing over IQ and pedigree for decades, long before he moved to the White House. Barbara Res, a former Trump Organization official, recalled that Trump used to brag about one of his executives graduating from Yale Law School at the top of the class, even though Yale Law doesn’t rank its students. Trump later made the same false assertion about Brett Kavanaugh.

Read more:

https://www.politico.eu/article/stable-genius-donald-trump-iq-fixation/

 

Bullies like The Donald have no IQ, they have BQ, "brawn quotient"... but they nearly always win because a rabid stupid soldier can always kill a philosopher, while the reverse is nearly impossible, even a philosopher with the best IQ in the world. OUR PROBLEM IS THAT TRUMP KNOWS THIS...

redecorating europe...

The décor of the room in which the German chancellor hoped to convince the French president to support her favored candidate was telling: brown leather chairs, a lonely potted plant at the window, a bottle of mineral water and a thermos of coffee on the table. It was clearly more Chancellery than Élysée.

It was here, in one of the German delegation's rooms on the fourth floor of the new European Council building in Brussels, that Angela Merkel and Emmanuel Macron met on Tuesday afternoon before joining their counterparts for an informal EU dinner 45 minutes later. Merkel's spokesman posted a photo on Twitter in advance of the meeting: Angela Merkel and Emmanuel Macron, both smiling. 

But appearances were deceiving. The relationship between Berlin and Paris is tenser than it has been in quite some time. Ever since Macron moved into the Élysée Palace two years ago, the German-French relationship has been a bit more heated. Macron wants to change Europe, but the Germans prefer to stall. 

Berlin has rejected Macron's proposals to reform of the Eurozone and the two countries are fighting over armament projects and weapons exports. It was difficult to find a compromise on Brexit and common ground German-Russian Nord Stream 2 gas pipeline proved just as elusive. 

And now, following European elections, the EU is now in the process of choosing new occupants for its top positions -- and additional tensions may be on the horizon. In the wrangling over those leadership positions, Paris and Berlin have conflicting interests. Macron wants to take advantage of the opportunity to remake the EU, as he has said in numerous speeches. To do so, he needs an energetic European Commission president who shares his aims.

Merkel, meanwhile, must support Manfred Weber, the German lead candidate for the European People's Party (EPP), the center-right European Parliament group to which Merkel's Christian Democrats (CDU) belong. She has little choice in the matter, particularly given that her party already suspects her of having left them in the lurch during the campaign. Ever since Merkel gave up her position as the chairperson of the CDU and announced her impending retirement from politics, she has become a lame duck. To prevent her power from crumbling further, the chancellor needs to prove she can still represent German interests in Brussels. She needs to prevent a commission president from being selected whom the Germans do not like. 

Macron, meanwhile, has joined forces with the European liberals and hopes to form an alliance -- ideally with the Greens -- to finally end the dominance of the big blocs in EU politics, the center-right conservatives and the center-left Social Democrats. He rejects the very concept of the lead candidate. More than that, though, he is opposed to the man for whom Merkel has to fight: Manfred Weber, of the Christian Social Union (CSU), the Bavarian sister party of Merkel's CDU. 

And so they stand opposed: a frustrated French president, disappointed by the timidity and worries of the Germans, determined if necessary to move Europe forward with help of other partners. And an outgoing chancellor, who wants to remain the most powerful woman in Europe to the end. Merkel and Macron spent an hour and a half on the phone the evening the European elections ended, but so far there are no signs that they are approaching agreement on top European jobs.

When Macron says the word "spitzenkandidat," German for lead candidate, it's clear how little he thinks of the concept. He rushes through the long German word, putting the stress on the third syllable and making it sound pointed, almost like barbed wire in the middle of the French surrounding it.

A New Landscape

After the meal with the heads of state and government, Macron explained for the umpteenth time how little he thinks of this selection process according to which only someone who campaigned as lead candidate in the elections can become commission president. Weeks ago, he was already insisting that there is no legal foundation for the process. Now, with the election now over, he sees it as anachronistic, mirroring as it does the old power structures characterized by the dominance of the erstwhile big-tent parties. 

"These elections mark a turning point for Europe," Macron said in Brussels. For the first time since 1979, the two largest parties might not be able to form a majority, he said. "So we cannot simply continue as we are used to doing."

Macron had just experienced the opposition to his point of view during dinner, when Merkel -- over pork filet, asparagus and green beans -- clearly threw her support behind Weber. It was a tense discussion, and mobile phone reception was even blocked.

Merkel contradicted Macron's argument that Weber didn't have the necessary experience. It was something people had said about her, she recalled, when she took office 14 years ago. The evening ended with a temporary victory by the chancellor. Then on Tuesday, Merkel parried attempts by the French and others to finalize a set of firm criteria for the future commission president. 

Merkel, of course, like Macron, has never been a fan of the lead candidate system. She does, though, see Weber is an acceptable candidate. She is accustomed to much worse from the CSU. More than anything , though, the chancellor knows that the CDU and the CSU back home are expecting her to get Weber through in Brussels. As a result, she finds the stubborn opposition from Macron and others to be unsettling. 

From the German perspective, Macron's combativeness violates an unwritten EU rule. EU leaders know the expectations that each are facing from their own country; they all know the constraints firsthand. For that reason, they generally try not to make compromise more difficult by making statements in public.

But that's exactly what Macron is doing. He has heaped pressure on the chancellor and made the leadership issue into a power struggle. Now Merkel is defending Weber in part because she doesn't particularly like Macron's approach. 

Macron is the fourth French president with whom Merkel has had to work during her chancellorship. To understand the fidgety Nicolas Sarkozy, she allegedly watched Louis de Funès films. François Hollande, meanwhile, blended into the woodwork next to the chancellor. But Macron stands up to her. He wants to shape Europe, and is threatening her position as the unquestioned top dog in Europe.

A Pushy Macron

Merkel knows that there could be a point at which she might have to give up on Weber. She seemed to lay the groundwork for this on Tuesday evening when she argued that the EU needs to remain functional and believes that the situation can't be allowed to become so contentious that the EU becomes blocked. She issued a warning at the summit that the leaders should "interact with one another carefully."

But Brussels diplomats fear that Macron is determined to use the admonishment as a sign of weakness, and to celebrate Merkel's defeat as a victory. Berlin is making it correspondingly clear to Paris that Macron shouldn't hope to place a French person in one of the top jobs if Merkel isn't able to bring in a German. 

Macron's preferred alternative to Weber is either Brexit negotiator Michel Barnier or liberal Dane Margrethe Vestager. Barnier is, like Weber, a member of the EPP, which is still the strongest single group in parliament. And he is French. 

But that is precisely the problem. The CDU -- the Germans, in other words -- are said to be especially opposed to Barnier. "Definitely no Frenchman," was the stance in Berlin, according to a leading European conservative. One observer described the negotiations as a "nasty relapse into nationalism" of the kind that many had hoped belonged to the past.

It's a danger that Paris also sees: "This is first and foremost about substance, not about nationalities. The position of the head of the Commission is not a battle for a national flag," argued Amélie de Montchalin, the state secretary for European affairs in the French Foreign Ministry. "This is not about a conflict between France and Germany, that has nothing to do with this."

The defeat of Merkel's CDU in the European elections and the self-destruction of her coalition partner in Berlin, the Social Democrats, threatens to throw her government into crisis. But Macron came to Brussels strengthened. Although his party La République en marche! only came in second behind Marine le Pen's Rassemblement National, the gap separating them from the right-wing populists was much smaller, at 0.9 percent, than had been feared.

More than anything, though, La République en marche! believes the election confirmed its position as a new political power in the country. The old-school French Republicans, Merkel's allies in the EPP, received 8.5 percent, an historic low. The Socialists received just over 6 percent. For En Marche, the election confirmed that they have irreversibly changed the French political landscape. That also has consequences for Brussels. Why, En marche argues, should the French trust Weber, a representative of the traditional center-right to lead European politics?

The conflict over the leadership post, to be sure, is just one of many conflicts paralyzing the German-French relationship. Increasingly, Paris and Berlin are supporting conflicting positions in Brussels. It is, as diplomats from smaller countries openly admit, a dangerous development.

The council's Polish president Donald Tusk said as much behind closed doors on Tuesday during dinner. Smaller EU member states, he said, don't particularly like it when the German-French motor is running smoothly since that means they don't have much influence. These days, though, he said, they are all hoping that Paris and Berlin could once again find agreement.

 

 

Read more:

https://www.spiegel.de/international/europe/merkel-and-macron-at-odds-ov...

 

 

 

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his elder brother died of alcoholism...

The President of the United States has suggested that he could impose customs duties on French wines. Yet, access to the US market is already not so easy for foreign wines...


When Donald Trump says that French wines are "very good", it's not from personal knowledge. An advisor probably whispered this in his ear, because the American president does not drink. And when he claims that "France taxes wine a lot and we tax little French wine" in an interview with CNBC, he is not completely honest because he does not take into account the high margins of wholesalers.



What market for French wines in the United States?


Unlike the president — whose older brother, Fred, died of alcoholism at age 40 — Americans love wine. America is also the top consumer country. 13% of the world wine production is drunk in the US, against 12% in France. Four out of five bottles are produced locally in the USA, including California.


Foreign wines therefore represent only 20% of US consumption. Among them, French wines are doing well. Exports of French wines and spirits to the United States rose 4.6% to 3.2 billion Euros last year, according to the Federation of French Exporters of wines and spirits (FEVS). In value, the United States is the leading market for French wines, ahead of the United Kingdom, Germany and China. Thanks to an American middle class with a great purchasing power, the world-renowned Bordeaux Crus are in a good position in supermarkets and wine shops.

 

 

Source: 

https://www.sudouest.fr/2019/06/11/pourquoi-donald-trump-veut-s-attaquer...

 

Translation by Jules Letambour.

 

 

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californian shiraz...

How the US-China trade war squeezes California's wine country

Chinese tariffs have targeted the US agricultural industry - including wine makers - as farmers are a key voting bloc for Donald Trump.

The president wants to cut the trade deficit with China - a country he has accused of unfair trade practices since before he won the White House.

Produced by Sophie Long, Annie Phrommayon and Chuck Tayman

 

See more:

https://www.bbc.com/news/av/world-us-canada-48454123/how-the-us-china-tr...

donald hates airbus...

Donald Trump has threatened fresh tariffs on $4bn (£3,2bn) of European products including cheese, scotch whisky and olives, ratcheting up pressure on the EU in a long-running row over aircraft subsidies.

The US trade representative’s office released a list of 89 additional items – including olives, Italian and Dutch cheese, Scotch whisky, Irish whiskey, pasta, coffee and ham – that could face tariffs. These join products worth $21bn that were announced as potential targets for tariffs in April, which included roquefort cheese, wine, champagne, olive oil and seafood such as oysters. The latest list also includes a number of copper products and other metals.

The move came days after a truce was reached in the trade war between the US and China.

The US and the EU have both threatened to impose tariffs on planes, tractors and food in a tit-for-tat trade row that was sparked by aircraft subsidies given to US aircraft maker Boeing and its European rival, Airbus.

 

Read more:

https://www.theguardian.com/business/2019/jul/02/donald-trump-new-tariff...

 

 

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the french hate google...

WASHINGTON — The Trump administration said on Wednesday that it would investigate whether a French plan to impose a tax on American technology giants like Facebook and Google amounts to an unfair trade practice that could be punished with retaliatory tariffs, escalating its global trade fight.

The investigation, to be carried out by the United States trade representative, is the latest attempt by the Trump administration to shelter American companies, particularly in tech, by taking a more aggressive stance toward allies’ trading practices.

It is likely to further stoke tensions with the European Union, which President Trump has already threatened with auto tariffs and criticized for selling more goods to the United States than it purchases. Mr. Trump has repeatedly said the European Union is worse than China when it comes to trade practices and has lashed out at its top antitrust regulator, Margrethe Vestager, saying she has unfairly targeted Google, Apple and other American companies.

The American action announced on Wednesday is aimed at France, which has moved independently from the European Union to seek a tax on technology companies.

 

Read more:

https://www.nytimes.com/2019/07/10/business/us-france-tariffs.html?

 

 

 

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our aussie products give better headache than theirs...

The landscape drops away like a cliff face.

Rocks and jagged edges make way for a sea of green leaves that cover mostly hidden rickety wooden vines that dissect the hills, almost as if in spite of the incline.

“For me it represents the tradition and also our dream,” Elena Moschetta says.

She’s standing at the window in her winery’s tasting room, overlooking the vineyard her grandfather started in Italy’s Treviso region decades ago.

It’s grown vastly in the years since.

When her father took over, he expanded the plantings to grow more prosecco grapes. Now, the third generation to run the family business, Elena and brother Enrico Moschetta have added a winery to their vineyard.

“It was our dream to produce prosecco,” she says.

Prosecco in this region represents more than just a bottle of sparkling wine. It’s a product that dates back to 1382, with the first mention of wine production in the region recorded during the Roman Empire. 

“Prosecco was born here,” says William Spinazze, a third-generation vineyard owner.

“It’s a historical wine that was made, always, here.

“It’s very common on Sunday — after mass, after Papa — to stop in a bar and drink a prosecco before having lunch with the family.

“This way of living, you can’t drink heavy wine, so this is why prosecco broke into our culture, because it was the perfect way to enjoy your life.”

The threat other countries pose to Italian prosecco is laid bare in the approach its farmers and Government are demanding of the European Union as it pursues trade deals around the globe.

“Because it’s so popular, it’s easy to copy it [and] make it in different areas, [so] we need to protect it with all our forces,” Spinazze says. 

“We know that some countries are producing prosecco as well, but it was born here and it’s the same as Champagne.”

 

Read more:

https://www.abc.net.au/news/2019-07-13/popping-prosecco-bubble-europe-geographic-indicators-trade/11185078

 

 

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Gus: I have industrial espionage pictures that can show "Methode Champenoise" being done in Australia — with better results than in the Reims region... The Aussies should find new names of course, like Champ, Chimpagne, Champers, Prosecur, Camembrutal (for that extra taste), Gonzolartar, Mozurello Sharp, etc.

of french wine and american algorithms...

US President Donald Trump has accused French President Emmanuel Macron of "foolishness" over a digital services tax, and hinted that he would tax French wine in retaliation.

Mr Trump voiced his anger in a Tweet on Friday, in response to French plans to tax multinational firms like Google.

French authorities argue that the firms pay little or no corporate tax in countries where they are not based.

The Trump administration has said the tax unfairly targets US tech giants.

"France just put a digital tax on our great American technology companies. If anybody taxes them, it should be their home Country, the US," Mr Trump wrote on Twitter. 

"We will announce a substantial reciprocal action on Macron's foolishness shortly. I've always said American wine is better than French wine!"

The US is the world's largest consumer of wine and the largest import market, with France consistently among the top origin countries for imported wine. 

French Finance Minister Bruno Le Maire responded on Friday by saying that France would stick to its digital tax plans. "Universal taxation of digital operations is a challenge that affects us all," he said.

 

Read more:

https://www.bbc.com/news/world-us-canada-49131301

 

 

 

 

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As a non drinker, Trump would not have a clue about vino. Nor does he have any clue on how google functions...

 

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I remember back then (in the early 1990s) when Internet "search engines" were being developed and many start-up telcos bit the dust in the IT bubble. One wonders how "Google" came to light...

Google was founded in 1998 by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University in California. While conventional search engines ranked results by counting how many times the search terms appeared on the page, the two theorized about a better system that analyzed the relationships among websites. They called this algorithm PageRank; it determined a website's relevance by the number of pages, and the importance of those pages that linked back to the original site. PageRank was influenced by a similar page-ranking and site-scoring algorithm earlier used for RankDex, developed by Robin Li in 1996, with Larry Page's PageRank patent including a citation to Li's earlier RankDex patent; Li later went on to create the Chinese search engine Baidu.

Page and Brin originally nicknamed their new search engine "BackRub", because the system checked backlinks to estimate the importance of a site. Eventually, they changed the name to Google; the name of the search engine originated from a misspelling of the word "googol", the number 1 followed by 100 zeros, which was picked to signify that the search engine was intended to provide large quantities of information...

Google indexes billions of web pages to allow users to search for the information they desire through the use of keywords and operators.

This info provided by Wikipedia.

--------------------

Now, as mentioned a few times on this site, Gus has a hunch that Google actually stores a "duplicate set" (not links — but linked) of most websites on a gigantic server and uses its powerful algorithms to search its own duplicate set, rather than go fishing in the big loose internet sea at the demand of users. The websites who pay some cash, thus can get automated preferences. This duplicate set is updated at regular intervals by google's own secret "searches" (acquisition). This was exposed early to Mr Leonisky when pages of his long DELETED WEBSITE were still available on google searches IN FULL, except the link to the original site could not activate — this, after six moons following deletion. As well a "new" information on a website, will not be available straight away on a google search — as this "new" information has not been yet acquired by the "duplicate set"— new "news" items excluded as news outlet, especially those concerning political events are updated (stored) at much faster pace.

I suspect Bing and Yahoo use a hybrid version of this "storage set" with a more limited capacity and a slightly different algorithm search.

Gus Leonisky was in a good mind to prove to the world that google works by "storing" (stealing) your (ALL) information, in a gigantic breach of copyright. What google has been doing is a version of a "cloud" that is exclusive to google servers. Using this gigantic stored information, google can cross-reference this information to play on your likes and dislikes, while also using your own computer stored cookies to add to their own stored information — which is another way to "steal" your personal information.

This of course is google's secret path to success. When we talk of copyright breaches, google in my view through its "possible" structure has breached more copyrights than any other company on the planet, except for "Facebook", where you actually inflict your own information about your bum boils onto the universe for free.

 

Prove me wrong.


a new search engine that works better....

At first glance, the Berlin startup doesn't seem so different from others: a factory floor in the rear courtyard of a building in the city's Neukölln district, stacked preserving jars filled with muesli in the kitchen, a discarded ping-pong surface repurposed as a conference table. The employees are young, relaxed and very international.

The company's head and founder, Christian Kroll, is 35 years old, the same age as Mark Zuckerberg. The two men also share a quirk: To avoid wasting time in the mornings choosing an outfit, he always wears the same thing -- in his case, blank white T-shirts made from organic cotton. Zuckerberg's favorite color, by contrast, is gray. But that's where the similarities end.

Kroll is no traditional startup founder, and Ecosia isn't a company that operates according to tech-sector rules or capitalist textbooks.

For one, he managed to build up a search engine in several languages with sales in the double-digit millions that is also profitable -- and even pays the appropriate local taxes. 

The company's actual goal isn't to enable people to search and find things online. That is merely a means to an end. Kroll claims not to care about classic indicators of success in his sector -- income, bonuses, going public or other lucrative ways of making an "exit" from a company. "I want to bring forth social change," he says. For Kroll, it's about growth -- literally. 

Ecosia is about trees. Kroll wants to save them, and plant new ones. As many as possible, as a natural contribution to climate preservation, since trees absorb climate-damaging CO2.

Kroll's ecological business model is simple: As with other search engines, advertisements are served to Ecosia users alongside their results. The company's revenues -- after salaries, costs for travel, servers and marketing as well as savings are subtracted -- flow into projects run by more than 20 partner organizations focused on reforesting in countries like Burkina Faso, Ethiopia, Indonesia and Brazil.

 

Read more:

https://www.spiegel.de/international/business/ecosia-start-up-aims-to-us...

 

If you want to beat google, search with: https://www.ecosia.org

 

 

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when high intelligence quotient equaled sociopathy...

 

The definitive refutation to the argument of The Bell Curve.

How smart are you? If that question doesn't spark a dozen more questions in your mind (like "What do you mean by 'smart,'" "How do I measure it" and "Who's asking?"), then The Mismeasure of Man, Stephen Jay Gould's masterful demolition of the IQ industry, should be required reading. Gould's brilliant, funny, engaging prose dissects the motivations behind those who would judge intelligence, and hence worth, by cranial size, convolutions, or score on extremely narrow tests. How did scientists decide that intelligence was unipolar and quantifiable?


Why did the standard keep changing over time? Gould's answer is clear and simple: power maintains itself.


European men of the 19th century, even before Darwin, saw themselves as the pinnacle of creation and sought to prove this assertion through hard measurement. When one measure was found to place members of some "inferior" group such as women or Southeast Asians over the supposedly rightful champions, it would be discarded and replaced with a new, more comfortable measure.


The 20th-century obsession with numbers led to the institutionalization of IQ testing and subsequent assignment to work (and rewards) commensurate with the score, shown by Gould to be not simply misguided--for surely intelligence is multifactorial--but also regressive, creating a feedback loop rewarding the rich and powerful.


The revised edition includes a scathing critique of Herrnstein and Murray's The Bell Curve, taking them to task for rehashing old arguments to exploit a new political wave of uncaring belt tightening. It might not make you any smarter, but The Mismeasure of Man will certainly make you think.

 

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Gus:

Given the history of humanity, high intelligence quotient often equals high degree of sociopathy... that is to say that success is often measured by levels of deviousness on how to get to the top to become "rich and powerful"... See:

 

the united states of niccolò machiavelli: sub realismi cuiusdam politici…

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See also:

 

http://www.yourdemocracy.net.au/drupal/node/34200

more US screws on your blue cheese from airbus...

Senior US Trade Representative (USTR) officials revealed Wednesday that the US will be imposing new tariffs on European Union products, specifically on aircraft and agricultural goods, among others.

A 10% tariff will be imposed on EU aircraft, while a 25% tariff will be placed on agricultural products and goods. The measure will take effect on October 18.

full list of the products to be struck with tariffs was subsequently released by the USTR. It includes hams, cheeses, olives and even Irish and Scotch whiskies, among other products. The bulk of US tariffs will impact the UK, France, Germany and Spain since they were the "four countries responsible for the illegal subsidies," reads a statement from the USTR.

“For years, Europe has been providing massive subsidies to Airbus that have seriously injured the U.S. aerospace industry and our workers. Finally, after 15 years of litigation, the WTO has confirmed that the United States is entitled to impose countermeasures in response to the EU’s illegal subsidies,” U.S. Trade Representative Robert Lighthizer said in the release.  

“Accordingly, the United States will begin applying WTO-approved tariffs on certain EU goods beginning October 18. We expect to enter into negotiations with the European Union aimed at resolving this issue in a way that will benefit American workers.”

The move comes after the World Trade Organization ruled that the US is allowed to impose tariffs on some $7.5 billion worth of European goods as a retaliation for years' worth of illegal subsidies given to European aerospace company Airbus - the European competitor to the US' Boeing.

The matter, however, is far from settled.

Earlier Wednesday, the European Union threatened to retaliate against the US if it dared to proceed with tariffs. "If the US decides to impose WTO authorised countermeasures, it will be pushing the EU into a situation where we will have no other option than do the same," the EU said in a statement.

The announcement came just as US stocks closed for the day in the red, with Dow Jones falling by some 494.42 points. The S&P 500 fell by 52.64 points, and Nasdaq finished in the negative by 123.4 points.

 

Read more:

https://sputniknews.com/business/201910021076948150-us-to-impose-tariffs...

 

 

The US are more discreet about their "subsidies" to Boeing, by providing military contracts with inflated invoices... The WTO would not have a clue.

 

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