At the time when the international attention is locked on the clash of the two major economies, some important news remain unnoticed. Reportedly, the relationship between the US and the European Union is just as tense. Recently, Washington has announced plans to impose new tariffs on a number of European goods. That will seriously hurt the euro and local manufacturers, as well as cast a shadow over the region's economy as a whole. According to official data provided by the Office of the US Trade Representative Robert Lighthizer, the White House administration is planning to introduce 10% tariffs on EU aircrafts, as well as 25% on food and agricultural products, such as cheese, wine, and whiskey, from most of the EU. The economic bullying has become more acute when the World Trade Organization allowed the US to set import tariffs on EU goods worth of $7.5 billion dollars as a part of the trade dispute between the US and the European aircraft manufacturer Airbus. The subsidy dispute has been going on since 2004. The latest wave of tariffs will negatively affect the largest economies of the eurozone. New tariffs target British, German, Spanish, and French civilian aircraft, as well as agricultural products from most European countries. Moreover, the US reserves the right to further increase the tariffs or change the number of goods in the sanction list. Donald Trump is very serious about the matter. He declared that the US cannot lose trade war with Europe due to the ongoing trade deficit. "I can remedy the situation very easily," Trump said.
