Trump tweets following the earlier decision by the US Treasury
The tweet reads:
"The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of EU products! The EU has taken advantage of the U.S. on trade for many years. It will soon stop!"
I can't see how this would bode well for risk assets despite the fact that this comes off as being a defensive measure to aid Boeing. This is how things began with China and down the road, expect auto tariffs to follow suit soon enough.
