The European Union (EU) has announced that they are imposing tariffs on $4 billion worth of U.S. goods in retaliation for U.S. subsidies given to aircraft maker Boeing. This move comes after the World Trade Organization ruled in favor of the EU in a long-running dispute over subsidies provided to Boeing by the U.S. government. The tariffs, which will affect a range of U.S. products including tractors, frozen fish, and spirits, are set to take effect in the coming months. This escalation in trade tensions between the EU and the U.S. comes at a time when global trade is already facing significant challenges due to the ongoing COVID-19 pandemic.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
