On Monday, 1 July, the Office of U.S. Trade Representative (USTR) Robert Lighthizer proposed additional products worth €4 billion to offset the impact of the respective European subsidies paid to aircraft manufacturer Airbus.
They mainly belong to the European agri-food sector, confirming that the latter will especially suffer from these sanctions (see EUROPE B12257A13 and B12238A1).
Customs duties on imports of dairy products, cheese, cold meats, olives, waffles, etc., could be...