BRUSSELS/BERLIN (Reuters) - The European Union will impose tariffs on up to $4 billion of U.S. imports in retaliation for U.S. subsidies for Boeing , but said on Monday it was hopeful of an improvement in trade ties under U.S. President-elect Joe Biden.
Both the United States and the EU have signalled interest in settling the dispute over subsidies each provided to their respective plane makers, Boeing and Airbus
The duties punish Chinese exporters of steel wheels for vehicles including cars, tractors and trailers for allegedly having sold them in the EU below cost, a practice known as dumping
China, in particular, could step in to offset any export losses from nations hit with new EU tariffs
The list of targeted US goods, including motorcycles, jeans and bourbon whiskey sends a message to Washington about the potential domestic economic costs of making good on the president's threats