Great. So, the U.S.-China trade dispute may be gradually winding down, but that doesn’t mean President Donald Trump is done picking trade spats with other parts of the globe.
CNBC is reporting that the White House is thinking about introducing 100 percent tariffs on European goods that have been exempt from these penalties.
The Office of the United States Trade Representative published a list of European products that may face these higher tariff rates. Some of the items include alcohol (Ireland and Scotland), olive oil (Spain), cheese (France), knives (Germany), and fish fillets (Portugal).
In October, the Trump administration released a list that had targeted large civilian aircraft (10 percent) and agriculture (25 percent) that totaled $10 billion in tariffs. Now, the president wants to add these products to the list, too.
While this is horrendous news for trade uncertainty heading into 2020, at least it is not as monumental as the U.S.-China trade war. But that isn’t saying much.
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