Time again for Tariffs Washington takes trade sanctions with the e. U. Up a notch over a transatlantic over aviation subsidies. Also on the show beijing makes big promises in brussels equal treatment of chinese and Foreign Companies back home but will china walk the talk. Welcome to business im jenelle and in berlin good to have you with us President Donald Trump has lashed out at europe for subsidizing plane maker airbus saying thats made for unfair competition with the u. S. Is boeing now trump wants to settle the score by launching a new round of tariffs on european products bringing together a decades long dispute and much more recent Trade Tensions. Airbus isnt just an Aerospace Giant its
a paneuropean collaboration supported in part by Government Subsidies a fact the United States says gives airbus in unfair advantage one that President Trump wants to take action on via tweet he announced Eleven Billion dollars in new punitive tariffs on european products its a conflict that has
but the trade relationship between the u.s. and e.u. has been anything but friendly in recent months. of terrorists on steel and aluminum imports from the e.u. has soured the relationship as has his repeated threat to increase the levy on european made cars. joining us now is our financial correspondent yes court on wall street welcome good to see you now is this threat enough to qualify as a further escalation of trade tensions between the u.s. and the e.u. and how damaging do you think it could be for the talks well i mean so far is not that substantial if you look at the exports from the european union to the u.s. in the past year we are talking about roughly four hundred ninety billion dollars now those new tariffs are for goods in the amount of eleven billion so it s minor in that sense but certainly there is some uneasiness if we might be seeing some tit