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Trade War With Cheese: Trump's New EU Tariffs

11 Billion
NPR

President Donald Trump just announced plans for a new round of U.S. tariffs on European products. The list includes aircraft materials, wine, cheese, motorcycles ... and even escargots. The new round appears to be retaliation for Europe's subsidies to planemaker Airbus. It's part of a spat that goes back nearly 15 years... and it's complicated. Because Europe has accused the U.S. of subsidizing its own planemaker, Boeing. Today on the show, a look at what's behind this latest round of proposed tariffs — and what this means for the economies of Europe and the U.S. (and also cheese lovers everywhere).

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Cardiff Garcia is a co-host of NPR's The Indicator from Planet Money podcast, along with Stacey Vanek Smith. He joined NPR in November 2017.
Stacey Vanek Smith is the co-host of NPR's The Indicator from Planet Money. She's also a correspondent for Planet Money, where she covers business and economics. In this role, Smith has followed economic stories down the muddy back roads of Oklahoma to buy 100 barrels of oil; she's traveled to Pune, India, to track down the man who pitched the country's dramatic currency devaluation to the prime minister; and she's spoken with a North Korean woman who made a small fortune smuggling artificial sweetener in from China.