The daily business briefing: October 3, 2019

The U.S. hits the EU with tariffs on planes and whiskies, hiring at private companies slowed in September, and more

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1. U.S. announces tariffs on EU planes, other goods

The Trump administration said Wednesday it would impose 10 percent tariffs on European-made Airbus planes in response to illegal EU aircraft subsidies. The U.S. also announced 25 percent duties on French wine, Scotch and Irish whiskies, and European cheese. The move followed World Trade Organization approval for the tariffs, which cover $7.5 billion worth of EU goods annually. The levies take effect Oct. 18, but exempt parts from an Airbus assembly plant in Alabama, and parts used by U.S. aircraft maker Boeing. The transatlantic trade tensions have been ongoing but overshadowed by the tit-for-tat tariffs exchanged between the U.S. and China in their trade war.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.