Trump’s European Tariffs Could Be Devastating for the Portland Restaurant Industry

that European subsidies to the company Airbus — a multinational, European aerospace corporation that manufactures airliners — were illegal, and that they had cost American aerospace business, specifically Boeing, billions of dollars over the last 15 years. The U.S. was granted the right to place tariffs of up to $7.5 billion annually on European goods in order to recoup those billions of dollars that Boeing lost in competition to the subsidized Airbus.

Then, in early December, the U.S. Trade Representative threatened two new tariffs. One was in response to France’s Digital Service Tax — a 100 percent tariff on Champagne, effectively doubling the price of importing Champagne.that the French taxes would be a “3 percent levy [that] applies to revenue from digital services earned by firms with more than $27.86 million in French revenue and $830 million worldwide.” This includes companies like Google, Facebook, and Amazon.

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