THE EU STRIKES BACK

The EU publishes proposed tariffs on US goods

The European Union has drawn a line in the sand. With trade tensions between Brussels and Washington escalating, the EU has unveiled a bold proposal: €95 billion in tariffs on a sweeping range of American imports to the EU.

The European Union—usually a lumbering, regulation-spewing, bureaucracy-addled beast—has finally bared its teeth at Trump’s trade thuggery. The EU’s hit list is a meticulously crafted revenge menu designed to make Washington’s lobbyists choke to death on their overpriced bourbon. Boeing jets? Check. Kentucky whiskey? Absolutely. American soybeans, cars, and lots of hardware tech. The EU isn’t just targeting industries, but political pain points, which I predicted would happen 2 months ago. Bourbon hurts Mitch McConnell. Soybeans hurt Iowa farmers. The price of a Boeing 787 plane will go up by $40m, “no one is going to pay that”. Ryanair CEO Michael O'Leary, one of Boeing’s biggest customers, said the airline might cancel its $33 billion order for 330 Boeing jets if…