Dear Client: The US trade dispute with the European Union may be escalating as the US weighs additional tariffs on $3.1 billion worth of European goods. You may recall, in October the World Trade Organization sided with the US in its dispute with the EU over aircraft subsidies, allowing the US to move forward with retaliatory tariffs on $7.5 billion worth of European goods [see WSD 10-02-2019]. The tariffs are in retaliation for EU subsidies for Airbus--the main competitor of
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