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The US argues the European Union subsidies for aerospace corporation Airbus is creating a disadvantage for US-based Boeing. As such, the Trump administration has threatened to levy tariffs on European goods into the US if the EU subsidies to Airbus do not end – potentially leading to tariffs on wine, cheese, aircraft and motorcycles. The potential tariffs would total approximately $11 billion or about 1/30th the value of the tariffs on Chinese goods. This past Monday, the U.S. Trade Representative presented the proposed list of tariffs, covering other goods such as champagne and seafood.