The Trump administration targets Airbus with new European Union tariffs

Get the Full StoryCarlos Barria Reuters

The Trump administration announced it would follow through with threats to slap steep tariffs on the European Union on Friday.

The move marked the latest effort to penalize the bloc in a long-running dispute over aircraft subsidies.

Tariffs will rise from 10 to 15 on aircraft imported from the EU, like Airbus, and will go into effect on March 18.

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The Trump administration announced it would follow through with threats to slap steep tariffs on the European Union on Friday, the latest effort to penalize the bloc in a long-running dispute over aircraft subsidies.

Tariffs will rise from 10 to 15 on aircraft imported from the EU, like Airbus, and will go into effect on March 18. The US has long complained the EU put Boeing at a disadvantage through its financial assistance to Airbus. See the rest of the story at Business InsiderNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruptionSee Also:The best mattressesPOWER RANKING: Here's who has the best chance of becoming the 2020 Democratic presidential nominee19 financial perks of being the president of the United StatesSEE ALSO: The White House is likely to unveil 10 tax cuts for the middle class in September, Kudlow says

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