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Stocks are down after Trump threatens tariffs on EU helicopters, ski-suits, cheeses and wines

April 9, 2019

American and European investors took cover after the Trump administration threatened to impose tariffs on $11 billion in imports from the European Union, worsening an already tense backdrop for global trade.

The White House justified its decision to target products such as passenger helicopters, ski-suits, and various cheeses and wines by pointing to EU subsidies for Airbus, according to Bloomberg. The European aircraft maker is the archrival of US manufacturer Boeing, which continues to weather the fallout from two lethal plane crashes in less than five months.

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