
The U.S. announced last week that it will begin imposing new tariffs on $7.5 billion in imports from the European Union on Oct. 18. Unless there is a quick settlement to an underlying dispute over plane-manufacturing subsidies, which seems unlikely given that it has dragged on for 15 years, American lovers of single-malt scotch, French wine and cheese, Spanish olive oil and English wool sweaters had better stock up on these and other items imported from Europe. Yet these tariffs aren’t like the others imposed so far under President Donald Trump, and it is premature to assume they signal the […]